Anson Funds names its 3 candidates in board fight at Match Group [Yahoo! Finance]
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Source: Yahoo! Finance
and named publicly for the first time its three director candidates who all have expertise in the technology sector and have sat on public company boards. In a letter to fellow shareholders, Anson Funds' portfolio manager Sagar Gupta wrote "Match's outdated, insular board with deep interlockings is inadequately qualified to oversee a modern technology company." Reuters obtained a copy of the letter. Anson said it proposed Fumbi Chima, a former senior executive at Adidas , Burberry and Walmart , Laura Lee, who previously worked at Amazon-owned Twitch, Google and consulting firm McKinsey and Kelley Morrell, a former senior managing director at Blackstone, as director candidates. Anson, which owned roughly 0.6% of Match at the end of December according to a regulatory filing, has been pressing the parent of dating sites Tinder, Hinge and OkCupid for over a year to rethink capital allocation, cut costs, and consider a strategic review of its MG Asia business. While Anson's holding
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