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Purple Innovation and American Equity Stock See Action From Activist Investors

Por: MarketWatch Business January 21, 2023

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On Jan. 13, Coliseum extended a cooperation proposal seeking board representation with input from Purple’s board. Purple’s response three days later, in the words of Coliseum, “did not provide a basis for agreement.” Now, Coliseum plans to nominate a slate of directors at Purple’s 2023 annual shareholder meeting, with the intent of taking majority control of the board. (AEL) Brookfield Asset Management owns 15,886,163 shares of the... + full article



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