Paulson & Co nominates eight members to Detour Gold board: Reuters
Activist investor John Paulson’s hedge fund this week nominated eight members to Detour Gold Corp’s board and reiterated its call for a special shareholder meeting, ratcheting up pressure on the Toronto-based gold miner, Reuters reported. The hedge fund, Paulson & Co, which owns about 5.4 percent of Detour, had threatened to replace the company’s board if it did not successfully explore strategic alternatives including a sale and the appointment of a new chief executive officer. “Paulson is not advocating for a fire sale, but rather a comprehensive review of all alternatives, including a sale,” the hedge fund said in a statement.
26 July 2018•2 mins read
