LG Chem will put UK activist fund Pelham Capital’s shareholder proposals to a vote at its March AGM but recommends shareholders reject them, citing operational uncertainties and existing governance improvements.
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Palliser Capital, a UK activist hedge fund, has engaged LG Chem management for years, proposing shareholder value enhancements that drove LG Chem shares up 13%.
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https://en.infomaxai.com/news/articleView.html?idxno=87084