Dissident Shareholder Nominees Backed for AOL Board

(Reuters) - AOL Inc, waging a proxy fight with activist hedge fund Starboard Value, said on Saturday its share

(Reuters) - AOL Inc, waging a proxy fight with activist hedge fund Starboard Value, said on Saturday its shareh

TORONTO — The Canada Pension Plan Investment Board, one of the world’s largest pension funds, said it has voted to support Agrium Inc’s board nominees ahead of a shareholder meeting next week, in a blow to activist investor Jana Partners. The Canadian fertilizer maker and farm products retailer Agrium has been locked in a war of words for months with activist investor Jana Partners LLC, a New York-based hedge fund.

Activist investor Jana Partners LLC said that two of its dissident nominees “appear to have enough votes” to be elected to the board of Agrium Inc. at Tuesday’s annual meeting in Calgary.

(Reuters) - Institutional Shareholder Services is backing two of billionaire investor Carl Icahn's nominees to the board of U.S. drugmaker Forest Laboratories Inc , the influential proxy advisory firm said in a research report. Icahn is waging a proxy fight to elect four directors to Forest's 10-member board at its annual meeting on August 15 after failing in a similar effort last year. ISS recommended that Forest shareholders vote for Icahn nominees Daniel Ninivaggi and Pierre Legault. "As the dissidents have demonstrated a compelling case that change at the board level is needed, votes ...

BOSTON (Reuters) - AOL Inc shareholders vote on Thursday on whether to hold course on the one-time Internet giant's strategy to gradually become an ad-driven media destination or to shake up the company in line with an activist investor's demands. Six months into a battle between existing management and Starboard Value, shareholders will decide whether to keep AOL's existing eight-member board of directors or take on up to three Starboard-backed nominees that the hedge fund says will push for better returns for shareholders. ...

By Edward Schwartz: ISS, a proxy advisory service, changed its recommendation from "FOR" to "AGAINST" On Track Innovations' (OTIV) nominees to the company's board of directors.