Deals
Paulson Scorns ‘Inexcusable’ Delay in Detour Holder Meeting
- Canadian miner scheduled special shareholders meet on Dec. 11
- Activist investor seeking to replace miner’s entire board
John Paulson
Photographer: Rick Maiman/Bloomberg
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Billionaire John Paulson’s hedge fund said Detour Gold Corp.’s plan to hold a shareholders meeting in December to vote on its slate of nominees to replace the miner’s board was “inexcusable.”
On Monday, Detour said it would hold a special shareholders meeting on Dec. 11 after it was requisitioned by Paulson & Co. On Tuesday, the hedge fund called that “the latest entrenchment tactic.”