Deals
Elliott Reaches Deal With Evergy to Add Two Seats to Board
- Accord will also see formation of special board committee
- Activist investor disclosed $760 million stake in January
This article is for subscribers only.
Evergy Inc. reached a settlement with activist investor Elliott Management Corp. that includes appointing two new directors to the utility’s board.
The agreement also includes the creation of a special committee to “explore ways to enhance shareholder value,” the Kansas City-based company said Monday in a statement. Evergy shares rose 3% before the start of regular trading in New York.