Algonquin Power (TSE:AQN) has released an update.
Algonquin Power & Utilities Corp. announces the addition of Brett Carter and Christopher Lopez to its Board of Directors, following the non-re-election of Masheed Saidi and the retirement of Board Chair Kenneth Moore. The company has also entered into a cooperation agreement with major shareholder Starboard Value LP, which owns 9% of Algonquin’s shares, to support the company’s board nominees and to explore a sale of its renewable energy segment.
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