Turtle Creek says the current board does not have a mandate, nor the confidence of Gildan shareholders, to run a process that could result in the sale of the company
says it does not trust the company’s current board to oversee a sale process and called on it to hold its annual meeting without delay to allow shareholders to elect new directors.
In a letter to the board, Turtle Creek Asset Management Inc. says the sale process comes at a bad time with the company in the midst of a boardroom fight.
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