{"id":3445,"date":"2005-10-11T00:00:00","date_gmt":"2005-10-11T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-starts-proxy-fight-at-a-schulman","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2005\/hedge-fund-starts-proxy-fight-at-a-schulman.html","title":{"rendered":"Hedge fund starts proxy fight at A. Schulman"},"content":{"rendered":"<p>  BOSTON, Oct 11 (Reuters) &#8211; A group of hedge funds headed by Barington Capital Group on Tuesday increased the pressure on plastics company A. Schulman Inc. (SHLM.O: <a href=  \"..\/stocks\/overview.aspx?symbol=SHLM.O\">Quote<\/a>, <a href=\"..\/stocks\/CompanyProfile.aspx?symbol=SHLM.O\">Profile<\/a>, <a href=\"..\/stocks\/ResearchReports.aspx?symbol=SHLM.O\">Research<\/a>) to sell  itself by launching a proxy fight to take control of the company&#8217;s board.<\/p>\n<p>  The hedge funds plan to nominate two chemical industry executives and the founder of New York-based Barington Capital to run for seats on Schulman&#8217;s board of directors at the company&#8217;s annual  shareholder meeting on December 8, Barington said.<\/p>\n<p>  Barington, which has made a name for itself by threatening proxy battles to force changes at a handful of companies, has complained that seven members of Schulman&#8217;s board of directors have presided  over a decade of steep stock declines while the broader market has more than doubled.<\/p>\n<p>  <a href=\"http:\/\/today.reuters.com\/investing\/financeArticle.aspx?type=bondsNews&amp;storyID=2005-10-11T171712Z_01_N11458891_RTRIDST_0_CHEMICALS-SCHULMAN-UPDATE-2.XML\"><strong>Read Complete  Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BOSTON, Oct 11 (Reuters) &#8211; A group of hedge funds headed by Barington Capital Group on Tuesday increased the pressure on plastics company A. Schulman Inc. (SHLM.O: Quote, Profile, Research) to sell itself by launching a proxy fight to take [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3445","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3445"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3445\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}