Algonquin Power (TSE:AQN) has released an update.
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Algonquin Power & Utilities Corp. has acknowledged the director nominations from Starboard Value LP for the upcoming Annual General Meeting, signaling its commitment to shareholder engagement and value enhancement. The company is actively progressing on strategic initiatives, such as the sale of its renewable energy segment and the search for a permanent CEO, aimed at optimizing operations and simplifying its future strategy. Shareholders have been advised that no immediate action is necessary as the Board reviews the nominations and prepares its recommendations.
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