Premier Inn owner Whitbread's shareholders fend off an activist investor's bid for a board seat
Summary
Whitbread shareholders fended off an activist investor's bid for a board seat, the Evening Standard and The Independent reported on Monday 9 November, the two outlets writing that James Gemmel is a partner of New York-based Corvex Management, which has a 6.4% shareholding in Whitbread. The Premier Inn owner fought off pressure from the activist investor after shareholders rejected its bid for a board seat, City A.M. reported, the FTSE 100 hospitality firm hailing the 'decisive' victory and saying it would now ramp up efforts to deliver on its turnaround plan.
Latest: Whitbread shareholders fended off an activist investor's bid for a board seat, the Evening Standard and The Independent reported, James Gemmel being a partner of New York-based Corvex Management, which has a 6.4% shareholding in Whitbread, and the FTSE 100 hospitality firm hailed the 'decisive' victory, City A.M. reported.
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How it unfolded
Monday 9 November
Whitbread shareholders fended off an activist investor's bid for a board seat, the Evening Standard and The Independent reported, James Gemmel being a partner of New York-based Corvex Management, which has a 6.4% shareholding in Whitbread, and the FTSE 100 hospitality firm hailed the 'decisive' victory, City A.M. reported.
- 12:29The Independent Whitbread shareholders fend off activist investor’s bid for board seat
- 12:29Evening Standard Whitbread shareholders fend off activist investor’s bid for board seat
- 10:03City A.M. Whitbread shareholders reject activist investor’s push for board seat