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A new study says investors who manage money for pension funds and other institutions are growing more combative, increasing the number of times they vote against companies on issues such as electing directors or approving executive pay.
A new study says investors who manage money for pension funds and other institutions are growing more combative, increasing the number of times they vote against companies on issues such as electing directors or approving executive pay.
(Alan Egginton/iStockphoto)

Tuckamore buys time as dissident votes grow

Tuckamore Capital Management Inc. is postponing a special meeting of shareholders as opponents to its proposed buyout deal appear to be gaining strength.

Tuckamore’s management is attempting to privatize the company in a 75-cent-a-share management-led buyout in a partnership with private equity firm Birch Hill. But it has been challenged by a group of shareholders who have demanded a higher price.