Activist Campaign Against Wausau Execs Picks Up Steam

Law360, New York (February 12, 2014, 11:16 AM EST) -- An activist campaign to reshuffle the board at Wausau Paper Corp. nailed down more support on Wednesday when LionEye Capital Management LLC added to a chorus of criticism of the company's top brass and pledged to vote against its slate of board nominees.

Wausau is staring down its third proxy contest in as many years as it struggles to win investors' confidence for its value-creation plans. Last month, Starboard Value LP nominated three more directors that, if elected, would give the New York hedge fund seven...
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