Engine Capital Calls For Special Committee As Croatti Trustees Resist Value Maximizing Sale Of UniFirst
Benzinga Newsdesk 11 months ago
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Calls on the Independent Directors to Form a Special Committee with its own Independent Legal and Financial Advisors given General Counsel Michael Patrick's Material ConflictUrges the Independent Directors to
- Calls on the Independent Directors to Form a Special Committee with its own Independent Legal and Financial Advisors given General Counsel Michael Patrick's Material Conflict
- Urges the Independent Directors to Collectively Resign if the Croatti Trustees Continue to Refuse a Value-Maximizing Sale of the Company
- Contends the Dual-Class Structure and Croatti Family's Control over UniFirst is a Textbook Example of How Poor Governance Destroys Shareholder Value