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Hedge Fund

Engaged Capital preps for proxy fight at BlackLine

hedgeweek

5 months ago

152 views

Activist investor Engaged Capital is preparing to launch a proxy contest at financial software provider BlackLine, as it steps up pressure on the company to pursue strategic alternatives, including a potential sale, according to a report by Reuters.
The report cites unnamed people familiar with the matter as revealing that Engaged plans to nominate a slate of four outside candidates for election to BlackLine’s board at the company’s next annual meeting. The hedge fund, which owns more than one m...

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