From Bloomberg: Ancora Holdings Group of Cleveland, a top shareholder in IAA, plans to vote against a takeover by Ritchie Bros. Auctioneers Inc., arguing the process that led to the sale of the auto salvage and parts auction company was flawed and structured in a way to benefit management at the expense of shareholders.
From Bloomberg: Ancora Holdings Group of Cleveland plans to withhold support for Everbridge Inc. chairman Jaime Ellertson and three other long-tenured directors, arguing they bear responsibility for overseeing the dramatic decline in the software company's performance. Ancora, which owns a 4% stake in Everbridge, in a letter to fellow stockholders Thursday, April 28, also renewed its call for the company to put itself up for sale.
From Bloomberg: Investors Ancora Holdings Group of Cleveland and Macellum Advisors are nominating three directors to the board of Amazon.com Inc.-linked food distributer SpartanNash Co. and pushing for changes, including a potential sale.
From Bloomberg: Ancora Holdings Group, which owns a 4% stake in Everbridge, also urged the Massachusetts company not to hire a new CEO after the departure of David Meredith in December. Ancora said in a letter Thursday, March 17, to the company's board that doing so would only serve as a distraction and introduce instability at a time when it should be pursuing a sale.
From Bloomberg: Ancora Holdings Group calling on the board of auto salvage and parts auction company IAA Inc. to make big changes an effort to improve investor returns. IAA could fetch $55 a share in a take-private transaction, Ancora said in a letter Tuesday, March 15, to the company's board.