C.H. Robinson reaches standstill agreement with Ancora, WSJ reports
The Fly

C.H. Robinson reaches standstill agreement with Ancora, WSJ reports

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

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