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Matthews International Provides Update on Actions to Create Shareholder Value and Addresses Director Nominations
- Matthews International's ongoing strategic review has simplified the company's business mix and strengthened its balance sheet, generating significant cash proceeds to reduce debt toward a goal of 2.5x net leverage ratio.
- The company's shareholder proposals include board declassification and majority voting, reflecting changes desired by investors.
- Four new directors have joined the Board since 2023, and Michael Nauman has been announced as the next Chairman.
- Matthews International states that its litigation highlights the value of its proprietary technology.
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Matthews International Provides Update on Actions to Create Shareholder Value and Addresses Director Nominations
Ongoing strategic review has resulted in divestitures generating significant proceeds, simplifying Matthews' business mix and strengthening its balance sheet
Barington launches second proxy fight at Matthews after earlier defeat
Activist hedge fund Barington Capital Group has opened a fresh proxy battle with Matthews International, nominating three directors to the board in a renewed push for governance and portfolio changes at the US manufacturer, according to a report by Reuters. The move comes less than a year after Barington lost its first contest at the company’s February 2025 AGM — making the decision to return so quickly highly unusual, according to advisers fami…
Coverage Details
Total News Sources51
Leaning Left4Leaning Right6Center16Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
15%
C 62%
R 23%
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