Gannett Responds To Carl Icahn’s Precatory Proposals

Carl Icahn disclosed Thursday that he planned to seek nominations of two directors in addition to offering some precatory proposals that would require certain corporate governance changes at Gannett Co. Inc. The media company responded that its board will evaluate the activist investor’s submission and make a suitable recommendation to its shareholders in due course. Carl Icahn seeks two board seats In his amended 13D filing with the Securities and Exchange Commission, Icahn disclosed his nominations of two candidates for election to Gannett’s board of directors at the company’s 2015 annual shareholders’ meeting. His latest filing also revealed the submission of precatory…