Synalloy Activists Push For Changes To Metals Co. Board

Law360 (April 13, 2020, 5:04 PM EDT) -- Privet Fund Management and UPG Enterprises on Monday urged shareholders of Synalloy Corp. to vote for their slate of board nominees, saying that poor leadership at the metals and chemicals company has led to underperformance.

Privet Fund Management LLC and UPG Enterprises LLC, which together own about 24.9% of Synalloy, filed a proxy statement with the U.S. Securities and Exchange Commission on April 9 outlining why they are nominating a slate of five director candidates, and on Monday issued a letter to shareholders pushing them to vote for the nominees. If the five proposed nominees are elected, Privet and UPG would...

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