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Stewart, activist investors reach deal
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Industry News
Tuesday, October 18, 2016
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In an agreement that will make it difficult to force a sale of the company for the next two years, Stewart Information Services announced that it will make changes to its board of directors. The agreement with activist investors Starboard Value LP and Foundation Asset Management brings the resignation of current board members Malcolm S. Morris and Stewart Morris Jr. after 16 years of service. Other changes were announced as well.
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