{"id":5499,"date":"2007-01-05T00:00:00","date_gmt":"2007-01-05T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-plans-to-solicit-proxies","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2007\/hedge-fund-plans-to-solicit-proxies.html","title":{"rendered":"Hedge Fund Plans to Solicit Proxies"},"content":{"rendered":"<p>  New York Times &#8211; Pirate Capital, a $1.7 billion hedge fund, plans to solicit proxies in support of its push to persuade the Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Company, the armored-truck and security provider, to hire an  investment bank for a possible sale.<\/p>\n<p>  In a regulatory filing yesterday, Pirate Capital also proposed electing its founder and another Pirate executive to Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s board. Pirate, based in Norwalk, Conn., owns 8.5 percent of Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s,  which is based in Richmond, Va., and is its largest shareholder.<\/p>\n<p>  Both Pirate and MMI Investments, which owns 8.3 percent of Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s shares, want the company to hire an investment bank for a possible sale, in the belief that it is undervalued.<\/p>\n<p><a href=\"http:\/\/www.google.com\/news\/url?sa=T&amp;ct=us\/0-0&amp;fd=R&amp;url=http:\/\/www.nytimes.com\/2007\/01\/05\/business\/05hedges.html&amp;cid=1112438479&amp;ei=zS6eRZSUI5HwowLZj5ClBg\">ReadComplete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York Times &#8211; Pirate Capital, a $1.7 billion hedge fund, plans to solicit proxies in support of its push to persuade the Brink\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s Company, the armored-truck and security provider, to hire an investment bank for a possible sale. In [&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-5499","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5499","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=5499"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5499\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}