Starboard Value Nominates Three Independent Candidates For Election To Algonquin Power's Board
Portfolio Pulse from Benzinga Newsdesk
Starboard Value LP, holding a 9.0% stake in Algonquin Power & Utilities (AQN), has nominated three independent candidates, Brett Carter, Chris Lopez, and Rob Schriesheim, for election to AQN's board.
March 21, 2024 | 9:12 pm
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Starboard Value's nomination of three independent candidates for AQN's board could signal potential strategic shifts or governance changes.
The nomination of independent board members by a significant shareholder like Starboard Value often suggests a push for change, which could be strategic or operational. This move is likely to be viewed positively by the market, as it could lead to enhanced governance and potentially unlock shareholder value.
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