Regions :: North America :: U.S.
Hedge fund advocates MLP for Calgon Carbon
4:16 PM MST | November 4, 2013 | Vincent Valk
Activist hedge fund Starboard Value (New York), which effected a change in Calgon Carbon’s board earlier this year, has released a letter to management calling for the conversion of the company’s activated carbon business into a master limited partnership (MLP). Starboard, which owns a 9.7% stake in Calgon Carbon, says such an arrangement would reduce the company’s tax bill and lead to more cash for shareholders. Starboard says a law firm that has worked with MLPs in the past provided it with in an opinion that the activated carbon business...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee