Change Must Begin at the Top: Barington Capital Sends Letter to Matthews International Shareholders Highlighting its Director Nominees' Substantial CEO Experience, Relevant Sector Expertise and Deep Commitment to Shareholder Value Creation
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Barington Capital, an activist investor, has sent a letter to Matthews International shareholders urging them to elect its director nominees, citing their CEO experience and sector expertise. Barington criticizes the current board for 18 years of value erosion and urges a vote for change.
January 21, 2025 | 9:15 pm
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Barington Capital is pushing for a change in the board of Matthews International, citing the need for new leadership to unlock shareholder value. The activist investor owns 1.9% of Matthews' shares and criticizes the current board for long tenure and value erosion.
Barington Capital's push for new board members at Matthews International suggests potential changes in corporate governance, which could lead to strategic shifts aimed at increasing shareholder value. This activism may positively impact MATW's stock price in the short term as investors anticipate potential improvements.
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