The News Review:
- Target Ackman battle comes to vote in Wisconsin
- Dissidents Win Two Seats on Amylin’s Board
- NC completes Complete Credit Management buy
Target Ackman battle comes to vote in Wisconsin
Reuters
Shareholders will also have to vote on the size of theboard — Target wants to set it at 12 while Ackman claims itshould be 13. In an interview on CNBC on Thursday morning before themeeting Ackman said many Target shareholders had not yet casttheir votes and he still did not know what the outcome of theproxy contest would be. Ackman whose Pershing Square Capital Management has a 7. 8percent stake in the retailer has pushed Target to buy backits stock and sell off its credit card operations. While Target partially complied with those requests Ackmanlaunched his proxy contest in March after the retailer rejectedhis proposal to spin off the land under its stores into a realestate investment trust to boost its stock price. Ackman has since said that he is running the proxy contestto add executives to Target’s board who have expertise incredit cards real estate and food retailing — areas hecontends are critical to Target’s ability to competesuccessfully in the future. But Target maintains he is seeking the seats simply as away to push through his risky real estate transaction.
Dissidents Win Two Seats on Amylin’s Board
New York Times
Icahn the billionaire activist investor and the hedge fund Eastbourne Capital Management prevailed Wednesday in their quest to place their handpicked nominees on the board of Amylin Pharmaceuticals. Eastbourne said that it and Mr. Icahn had succeeded in electing nominees to the board based on voting estimates from its proxy solicitor and a person familiar with the vote said at least two dissident directors had been elect. For its part Amylin said Wednesday afternoon that it believed the dissidents had elected no more than two of their five nominees one each from the Eastbourne camp and the Icahn camp based on preliminary vote count from the company’s proxy solicitor. The results of the shareholder vote which took place at Amylin?s annual meeting in San Diego have not been officially certified by the company.
Related from Careersemploymentmonster: Schwarzenegger gives lucrative board seats to ex-legislators and aides
NC completes Complete Credit Management buy
Bizjournals.com
CCM supplies credit management and specialized collection services focusing predominantly on the United Kingdom’s utility sector. “The CCM transaction presents NC with a unique opportunity to continue its expansion into new sectors of the European market” said Nick J. Ford NC Europe’s managing director in a statement. was taken private in 2006 by a group including CE Michael J.