Activist Livermore wants board changes at Entertainment One: Reuters

U.S. hedge fund Livermore Partners wants Entertainment One Ltd to add directors with more industry and financial expertise, the fund's top executive said, in its latest bid to spur changes at the Canadian media company, Reuters reported. The fund could also push for a share buyback if the company does not act on its demands, made in January, to slow down the pace of acquisitions and improve cash flow. Toronto-based Entertainment One, backed since last year by Canada Pension Plan Investment Board, was recently reported to be in talks to be acquired by U.K. television network ITV.

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