Impactive WEX proxy fight faces regulatory hurdle

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Impactive WEX proxy fight faces regulatory hurdle

hedgeweek

2 months ago

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Impactive Capital’s campaign to overhaul the board at payments and information management company WEX may face delays after regulators flagged potential filing requirements that have yet to be met, according to a recent company disclosure according to Reuters.
The Federal Deposit Insurance Corporation and the Utah Department of Financial Institutions have indicated the activist investor may need to submit applications tied to its proxy fight. WEX says those filings have not yet been made, raisin...

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