Hess Corp, Elliott Reach Deal On BoardVW Staff
Hess Corp. (NYSE:HES) and Elliott Management finally peace-out on a four month long proxy fight. Today just before the annual shareholder meeting, both parties agreed on a deal that allows three of the five Elliott nominees to the board of directors and in exchange Elliott will not contest the five board members that Hess Corp. (NYSE:HES) nominates, Bloomberg reports.
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible