Business

Whitbread Investors Reject Corvex Board Bid in Shareholder Vote

RecentNews.uk

01

Whitbread shareholders rejected a board seat bid from US activist investor Corvex Management.

02

The vote took place during a requisitioned general meeting called by the hedge fund.

03

Institutional backers threw their support behind the existing leadership team and business strategy.

04

The decision ensures stability for the Premier Inn brand as it pursues domestic and international expansion.

Reader poll

Should UK companies be more open to US activist investors?

Tap below to vote and see what others think.

Read the full story