Activist Investor Ancora Wins Two Board Seats at Elanco
This article is for subscribers only.
Elanco Animal Health Inc. has reached a settlement with Ancora Holdings Group LLC, allowing it to avoid a proxy fight with the activist investor.
Greenfield, Indiana-based Elanco has appointed Ancora nominees Craig Wallace and Kathy Turner as independent directors on its board, it said in a statement Monday that confirmed an earlier Bloomberg News report. Wallace and Turner will also join the Elanco board’s finance, strategy and oversight committee.