IHS Chemical Week

Hedge fund to nominate Calgon Carbon directors

11:00 AM MST | January 25, 2013

Starboard Value (New York), a hedge fund, intends to nominate three directors to Calgon Carbon’s board at the company’s next annual meeting, according to a regulatory filing. The fund purchased a 7.7% stake in Calgon Carbon, worth $69.6 million, last week, according to Thomson Reuters (New York) data. Calgon Carbon’s board contains eight directors. “We welcome shareholders who believe in our investment potential, and we are open to ideas that can create shareholder value,” Calgon Carbon says. The company has not set a date for its 2013 annual...

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