The Seattle Times – Hedge fund titan Steven A. Cohen wants the board of Clearwater Paper to separate the Spokane-based company’s consumer products from its pulp and paper operations so either or both can be sold off, according to a regulatory filing Friday.
Cohen’s SAC Capital Advisors met with Clearwater’s directors Thursday to urge they split the company and “pursue the divestiture of one or both businesses to one or more strategic and/or financial buyers,” the SAC filing says.
