Algonquin Power & Utilities Corp. Announces Extension of Cooperation Agreement with Starboard and Additions to the Board of Directors
Algonquin Power & Utilities Corp. Common Shares (AQN)
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm
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Source: Business Wire
Appoints New CEO Rod West and Starboard Senior Partner Gavin Molinelli to the BoardExtends Cooperation Agreement With Starboard OAKVILLE, Ontario--(BUSINESS WIRE)--Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN”, “Algonquin” or the “Company”) announced today that its Board of Directors (the "Board") has appointed CEO Rod West to the Board. The Board also intends to appoint Gavin Molinelli, Senior Partner and Portfolio Manager at Starboard Value LP (together with certain of its affiliates, “Starboard”) to the Board, subject to approval by the Federal Energy Regulatory Commission. Mr. Molinelli’s appointment will become effective immediately following the receipt of such approval. Following the appointments of Mr. West and Mr. Molinelli, the Board will be comprised of 11 directors, 9 of whom are independent.“Following constructive discussions with Starboard, we are pleased to have reached this agreement which we believe benefits all of our shareholders. Gavin will be a valua
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- Assessing Algonquin Power & Utilities After 30% Rally and Strategic Asset Sales [Yahoo! Finance]Yahoo! Finance
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- Algonquin Power & Utilities (NYSE:AQN) was given a new $7.00 price target on by analysts at Janney Montgomery Scott.MarketBeat
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- Algonquin Power & Utilities (NYSE:AQN) was upgraded by analysts at Janney Montgomery Scott from a "neutral" rating to a "buy" rating.MarketBeat