Activist hedge fund Barington Capital Group has opened a fresh proxy battle with Matthews International, nominating three directors to the board in a renewed push for governance and portfolio changes at the US manufacturer, according to a report by Reuters.
The move comes less than a year after Barington lost its first contest at the company’s February 2025 AGM — making the decision to return so quickly highly unusual, according to advisers familiar with the process.
Barington, which owns roughl...
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