In the Margins

Activist hedge fund chief nominated to Fox board

September 29, 2015

By The Wall Street Journal

21st Century Fox has nominated Jeffrey Ubben, ceo of activist hedge fund ValueAct Capital Management, to its board. The move is part of a larger agreement in which ValueAct said it would not launch a proxy fight or other hostile action against the company for the length of the board term. ValueAct currently owns 5.9% of 21st Century Fox's Class B voting stock Ubben will go up for election at Fox's annual shareholders' meeting later this year. Read the original story from The Wall Street Journal