Sunday, 2 August 2015
Last updated 1 day ago
Jan 16 2007 | 10:06am ET
The leaders of Canadian paper producer Catalyst Paper are making way for Third Avenue Management.
The New York-based hedge fund hiked its stake in the Vancouver, British Columbia-based company last year, triggering golden parachutes of C$4.8 million and C$1.6 million, respectively, for outgoing CEO Russel Horner and CFO Ralph Leverton. Last month, four Third Avenue-picked directors joined Catalyst’s board.
Catalyst’s newly-constituted board will choose their successors at or before its March 28 annual meeting.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…