Hedge Fund Reader : Hedge Fund Muscle out Wyevale’s Top Brass

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December 27, 2005

Hedge Fund Muscle out Wyevale’s Top Brass

A hedge fund has reportedly succeeded in throwing out the chairman and two non-executive directors of Britain's leading garden centre company after an eight-month power battle. However, it is also being reported that the hedge fund failed to install its favored candidate as the chairman. Guardian reports:

Laxey Partners, which owns a 28.6% share in Wyevale Garden Centres, gained the support of the hedge fund group Millennium Partners to push through a motion removing David Williams, chairman, and the non-executives Andrew Lewis-Pratt and Dianne Thompson, chief executive of Camelot, with immediate effect.

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December 27, 2005 in Gossip & Scandal | Permalink