The Traderszone Network

Published in TZ Latest News 24 September, 2015 by The TZ Newswire Staff

US companies quicker to give board seats to activists

Early in August, a call came into Sysco Corp (SYY.N) from Trian Fund Management LP, warning the food distributor that the activist hedge fund was about to disclose a large stake in the company. Six days later, Sysco awarded two board seats to Trian.