HMA Hands Over Power To Glenview’s Board Nominees

Law360, New York (August 18, 2013, 1:42 PM EDT) -- Health Management Associates Inc. confirmed Glenview Capital Management LLC’s eight board nominees late Friday, handing control of the company — and the fate of its $7.6 billion merger with a fellow hospital operator — to eight independent directors nominated by the hedge fund.

An independent inspector retained by the company certified that Glenview had indeed secured the consents of enough shareholders to oust the sitting board. Sources say the hedge fund got around 60 percent support, well above the simple majority it needed, helped along by an...
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