Hedge fund firm Chatham Asset Management publicly released its letter to R.R. Donnelley & Sons Company following what it calls the board’s inaction and lack of engagement despite "destruction" of stockholder value.
The $6.2 billion asset manager said it would like to see a “clear strategic review process focused on the identification and sale of non-core assets.” In addition, officials said that there should be increased efficiency through reducing costs and improved capital allocation as well as better alignment of executive compensation with performance.
Chatham is the largest stock and bond . . .
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