{"id":3947,"date":"2006-02-07T00:00:00","date_gmt":"2006-02-07T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-turns-up-heat-on-angelica-directors","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2006\/hedge-fund-turns-up-heat-on-angelica-directors.html","title":{"rendered":"Hedge fund turns up heat on Angelica directors"},"content":{"rendered":"<p>  St. Louis Post-Dispatch &#8211; The Steel Partners II LP hedge fund on Monday stepped up pressure to gain power on Angelica Corp.&#8217;s board, telling regulators that it will ask Angelica shareholders to  replace two directors &#8211; including the company&#8217;s chief executive &#8211; with Steel officials.<\/p>\n<p>  The move is the latest salvo in the battle between Chesterfield-based Angelica and New York-based Steel, its largest shareholder, over how the company is run.<\/p>\n<p>  Steel, which owns about 20 percent of Angelica, is displeased with the company&#8217;s operating results and acquisition strategy.<\/p>\n<p>  Angelica reported a third-quarter loss of $381,000 in December, compared to a net income of $1.6 million in the year-ago quarter.<\/p>\n<p>  <a href=\"http:\/\/www.stltoday.com\/stltoday\/business\/stories.nsf\/0\/CBAC20DE73B59C038625710E001D5B81?OpenDocument\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>St. Louis Post-Dispatch &#8211; The Steel Partners II LP hedge fund on Monday stepped up pressure to gain power on Angelica Corp.&#8217;s board, telling regulators that it will ask Angelica shareholders to replace two directors &#8211; including the company&#8217;s chief [&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-3947","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3947","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=3947"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3947\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}