AREX Capital Expresses Disappointment in Enhabit’s (EHAB) Strategic Review Conclusion
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Exclusive-AREX Capital to mount board challenge against Enhabit, sources say
May 9, 2024 8:18 AM EDTBy Svea Herbst-Bayliss
(Reuters) - Hedge fund AREX Capital Management is seeking seven board seats at Enhabit, arguing that new directors are needed to help reverse poor financial performance at the U.S. home health and hospice provider, people familiar with the matter said on Thursday.
AREX, which has been pushing Enhabit to put itself up for sale, privately nominated the seven candidates in March during the company's nominating window, the... More
