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All Penny News: Battle Heats Up at Sherritt International over Blue Proxy or Green Proxy


Mississauga, ON -- (SBWIRE) -- 04/11/2014 -- Media, Inc. ( announces its latest article titled “Battle Heats Up at Sherritt International Over Blue Proxy or Green Proxy.”

Companies mentioned in this article include Sherritt International Corp. (TSX:S) and Clarke Inc. (TSX:CKI).

Article Excerpt:

Those that love a good battle between an activist investor and a board of directors have several to pick from lately. In one of the highest-profile fights, contentions seem to be calming in the battle between billionaire activist investor Carl Icahn and eBay, after Icahn failed to garner enough support to impose his will on the company. Icahn this week pulled his two nominees to eBay’s board and has scaled back on his pursuit to have eBay spin-out its PayPal unit, although eBay directors did agree to add David Dorman as its tenth director.

Because it doesn’t involve a big name like Icahn, George Soros, Dan Loeb or Bill Ackman, the clash between activist investor George Armoyan and Sherritt International Corp. (TSX:S) isn’t getting the airtime on CNBC or Bloomberg, but nonetheless tensions are getting high. Armoyan is the President and CEO of Halifax-based Clarke Inc. (TSX:CKI), a company that invests in a variety of private and publicly traded businesses, taking an active role when it deems necessary to improve the performance of its investments.

The full version of this article can be found at:

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