Monday, March 2, 2015

Carl Icahn Backs Off Gannett Proxy Fight After It Agrees To Governance Terms

Billionaire shareholder activist Carl Icahn withdrew his proxy battle at Gannett and agreed to restrictions on his stock purchases after the company accepted several governance policies he supported, both sides announced this morning. The pact applies to the publishing company — which includes USA Today — that the newspaper, TV, and digital power plans to spin off this year. With the agreement, “shareholders will truly have a say in what happens at their company…

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