Browning West LP, the activist shareholder leading a campaign against Gildan Activewear Inc.’s board, is challenging the Canadian apparel maker’s efforts to find a friendly buyer, saying the “reactionary” sale process may undervalue the company.
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Dye & Durham targeted by activist investor Engine CapitalHedge fund has also been after Parkland Corp to boost shareholder returns
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Gildan says allegations by key shareholder Browning West violated U.S. securities lawIn a letter sent to the U.S. SEC, Gildan alleged that the U.S. investment fund has been spreading falsehoods about the clothing maker’s new CEO, Vince Tyra
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Browning West says Gildan Activewear failed to vet CEO, calls latest allegations a publicity stuntThe investment fund’s rebuttal to Gildan’s letter caps off a week of warring words between the investor and Montreal-based wholesaler
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Major Canadian Gildan shareholder weighs in on dramatic boardroom sagaOne of Gildan Activewear Inc.’s largest shareholders says the increasingly bitter feud between the company’s board of directors and its former CEO “never should have ended” in such dramatic fashion.
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Gildan accuses shareholder of planting misleading story about new CEO as leadership battle turns bitterCompany has been engulfed in an intense power struggle since the board dismissed Glenn Chamandy after a 40-year tenure
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Gildan's new CEO attempts to soothe shareholders amid higher Q4 profit, dividend hikeGildan Activewear Inc.'s strong market share and higher fourth-quarter profit puts it in an enviable position even as there's 'a lot of opportunity to grow,' the company's new chief executive said as financial analysts asked about his plans for the clothing maker.
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