HanesBrands Enters Into Cooperation Agreement With Barington Capital; Appoints Three New Independent Directors
Portfolio Pulse from Benzinga Newsdesk
HanesBrands has entered into a cooperation agreement with Barington Capital and has appointed three new independent directors to its Board: Colin Browne, Natasha Chand, and John Mehas, effective immediately.
November 16, 2023 | 9:16 pm
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HanesBrands' cooperation with Barington Capital and the appointment of three new independent directors may signal a strategic shift or governance changes that could positively influence investor perception.
The appointment of new independent directors often suggests a company is making strategic changes or improvements in governance, which can be viewed positively by investors. The cooperation with Barington Capital indicates a willingness to engage with activist investors, potentially leading to value-creating initiatives.
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