Grenke Refutes Short Seller’s Claims, Shares Decline
Veraison Capital and Cobas Asset Management landed a victory at Aryzta’s special meeting last week, with all of their proposals approved by the Swiss bakery chain’s shareholders. The activists saw all three of their director nominees installed on the board, including former Aryzta executive Urs Jordi, who took over as chairman. The company’s CEO Kevin Toland was also dismissed from the board.Q2 2020 hedge fund letters, conferences and moreVeraison said in a statement the vote "paves the way for simplifying and focusing Aryzta as well as enhancing the significant value potential of the company....