Activist investor pushes Americold to revamp strategy

Cold storage warehouse operator Americold announced it has entered a cooperation agreement with activist investor Ancora Group Holdings. The deal adds two board members and establishes a new finance committee to oversee existing shareholder value initiatives. Strategic investors Joseph Reece, a managing partner at SilverBox Capital, and Stephen Sleigh, a senior advisor at Blue Wolf Capital Partners, were appointed to the board on Monday and will serve on the finance committee. Reece was also added to the ...