C.H. Robinson Worldwide has reached a standstill agreement to work with activist investor Ancora Advisors, The Wall Street Journal’s Paul Berger reports. The agreement comes as the company is searching for a new CEO. The deal maintains two seats on C.H. Robinson’s board for Ancora representatives, Jay Winship and Henry Maier, in return for assurances that Ancora won’t launch a proxy fight. Reference Link
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CHRW:
- C.H. Robinson downgraded to Neutral from Buy at Goldman Sachs
- C.H. Robinson price target lowered to $90 from $95 at BMO Capital
- Cowen downgrades C.H. Robinson into Q4 on ‘soft’ conditions
- C.H. Robinson downgraded to Market Perform from Outperform at Cowen
- C.H. Robinson downgraded to Neutral at BofA after CEO removed