Deals
Activist Barington Targets Matthews CEO in Board Fight
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Activist investor Barington Capital Group wants to push out the chief executive officer of casket-maker Matthews International Corp. and will nominate three board members as part of a proxy fight with the company.
In a letter to the company on Tuesday, Barington CEO James Mitarotonda said the balance sheet at Matthews has “deteriorated” during CEO Joseph Bartolacci’s 18-year tenure.