Grifols Investor Group With 7.7% Holding Seeks Seat on Board
- Investor group includes Flat Footed, Mason, Sachem Head
- The firms sent a letter to the Grifols board on Thursday
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A group of Grifols SA investors including Flat Footed LLC, Mason Capital Management LLC and Sachem Head Capital Management LP is seeking a seat on the Spanish drugmaker’s board.
The investors manage a combined stake of 7.7% of Grifols class A shares and say they want to exercise their statutory right to name a director, according to a press release. “We are doing so with the goal of maximizing shareholder value and improving corporate governance, for all shareholders,” the group said in the statement.