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Spirit builds significant structures and components for all five of Boeings commercial airplane programs.
- Spirit will deliver the 12th all-composite cabin and cockpit to Lockheed Martin's Sikorsky Helicopter division early next year
Paul Singer's fund gets to install three dissident nominees onto the aerospace part maker's board, including one on a CEO search committee. The deal is a win for the activist.
Advisory firm Institutional Shareholder Services urged shareholders to vote for two of four dissident directors nominated by Elliott Management's Paul Singer in a contest set for May 25
Shareholder advisory firm Glass Lewis urged shareholders to vote for all four dissident directors nominated by Elliott Management's Paul Singer in a contest set for May 25
The fund raised concerns about a corporate transaction it alleges suggests Arconic (ARNC) traded corporate assets for votes
The activist engaged in a fight with Arconic says the former employer of its choice to be the firm's new CEO claims he is violating a noncompete agreement.
Board members affirmed their belief that CEO Klaus Kleinfeld is the man for the job, despite a looming proxy battle. But some of those directors could be easily swayed.
Arconic CEO Klaus Kleinfeld is not going down without a fight.
Activist Elliott Management's insurgency campaign's focus on replacing the aerospace component manufacturer's CEO, Klaus Kleinfeld, suggest that prospects for a settlement are extremely low.