Faced with interminable legal actions and costs, Zenith Electronics Corp has bowed to 6.1% shareholder Brookhurst Partners LP and agreed to hand over its shareholder list and not invoke its poison pill defence: Brookhurst wants to solicit proxies for a plan to cut the board to six from 10, and to gain the right to […]
Faced with interminable legal actions and costs, Zenith Electronics Corp has bowed to 6.1% shareholder Brookhurst Partners LP and agreed to hand over its shareholder list and not invoke its poison pill defence: Brookhurst wants to solicit proxies for a plan to cut the board to six from 10, and to gain the right to nominate three of the six.
