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USA- Activist investor Jana Partners’s fire on New Jersey-based Freshpet intensifies as it files a lawsuit alleging the pet-food company breached its fiduciary duties. The investor recently blasted Freshpet over governance changes that could impact the investor’s ability to secure board seats, and has now turned that complaint into a legal undertaking, filing a lawsuit in the Court of Chancery…
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USA- American Freshpet, Inc. recently reshuffled its board, making various personnel changes as part of the fresh pet food company’s operational improvement plan. For example, the current Chair of the Board, Charles Norris, announced his retirement and that he will not stand for reelection during Freshpet’s 2023 Annual Meeting of Shareholders. In his place, Walter George, Freshpet’s current chair of…
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USA- Freshpet, a US-based public pet food company listed on the Nasdaq exchange, is under fire from Jana Partners, one of its New York-based investors, for an “ill-conceived” and “baffling” capital-raise plan. Freshpet produces chilled pet food that contains no preservatives, and as of 2021, the company’s pet-food brands include Freshpet, Dog Joy, DogNation, Spring & Sprout, Vital, Homestyle Creations,…
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