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Hedge fund threatens proxy fight at WEX, alleging 'pattern of underperformance'

Summary by Mainebiz

Impactive Capital LP, a New York-based hedge fund and 7% shareholder in WEX, aims to replace three WEX board members and nominate four of its own unless WEX changes course before next year's annual meeting.

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Hedge fund threatens proxy fight at WEX, alleging 'pattern of underperformance'

Impactive Capital LP, a New York-based hedge fund and 7% shareholder in WEX, aims to replace three WEX board members and nominate four of its own unless WEX changes course before next year's annual meeting.

4 days ago

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Mainebiz broke the news in 4 days ago on Saturday, May 31, 2025.

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