February 15, 2012
Wausau Paper is the latest in a string of companies to feel the sting of activist firm’s spray.
By Stephen Taub
The folks at Starboard Value may not have the household name of loudmouth activist investors like Carl Icahn and Third Points Dan Loeb. But those occupying the executive suites of the companies Starboard has targeted know these guys mean business.
The latest example is Wausau Paper, known for its specialty paper, towel, tissue, soap and dispensing products. The company recently agreed to nominate two directors with expertise in the tissue and paper industry recommended by Starboard. Wausau also agreed to create a committee made up of the two Starboard nominees and any other two board members that would advise the board on operations, investments and capital spending.
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