Calgon Carbon (CCC) Issues Response to Starboard 13D Filing

January 23, 2013 6:57 AM EST
Calgon Carbon (NYSE: CCC) acknowledged that Starboard Value and Opportunity Master Fund Ltd. (“Starboard”) filed a 13D notification with the Securities and Exchange Commission announcing its intent to nominate a slate of three Director candidates to stand for election at the Company’s 2013 Annual Stockholders Meeting. The Company has not announced the date of 2013 Annual Meeting.

The Company issued the following statement:

We welcome shareholders who believe in our investment potential, and we are open to ideas that can create shareholder value. As we often do with new shareholders, we have spoken with Starboard and have had a constructive exchange of ideas.

Our Board and management team remain fully committed to creating value for all shareholders through the successful execution of the Company’s strategy, and our Board will continue to focus on having a constructive mix of experience and capabilities among its Directors.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

13Ds, Hedge Funds, Management Changes

Related Entities


Add Your Comment