Reported about 15 hours ago
Impactive Capital has chosen several experienced candidates to join the board of financial technology company WEX, indicating its strategy to advance a proxy fight. With a 6.4% ownership of WEX, Impactive plans to nominate a total of five directors, including co-founder Lauren Taylor Wolfe. This move intensifies ongoing tensions, as WEX's valued at around $5 billion has seen a 13% drop in share prices since January.
Source: YAHOO