Paulson rejects settlement with Detour Gold: Reuters
U.S. hedge fund Paulson & Co has rejected proposals from Canadian miner Detour Gold Corp which would have removed its interim CEO in aid of settling a proxy dispute over the company’s future, Reuters reported. The settlement Detour said it had proposed to Paulson on October 9 would have resulted in almost half of its board being refreshed in six weeks, with interim CEO Michael Kenyon stepping down before the next AGM. Paulson, which has called for the company to explore strategic alternatives including a sale, in July called for a special shareholders meeting and nominated eight new directors.
15 October 2018•2 mins read
