Food service company US Foods Holding Corp. undefined said Monday it has "constructively engaged" with activist shareholder Sachem Head to avoid a...
Food service company US Foods Holding Corp. said Monday it has"constructively engaged" with activist shareholder Sachem Head to avoid a proxy contest at its coming annual shareholder meeting but has been unable to reach an agreement. Sachem Head in February nominated seven candidates for election to the board and said it believes a"new culture of accountability is required at US Foods." The investor owns a roughly 9% state in US Foods.
said Monday it has"constructively engaged" with activist shareholder Sachem Head to avoid a proxy contest at its coming annual shareholder meeting but has been unable to reach an agreement. Sachem Head in February nominated seven candidates for election to the board and said it believes a"new culture of accountability is required at US Foods." The investor owns a roughly 9% state in US Foods.
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