What About That Corvex Situation Tim?


Westergren did field a question about hedge fund Corvex Management, which owns 9.9% of the company and is pushing the company to explore a sale instead of pursuing a “costly and uncertain business plan.” Westergren was ready to take on that question. Here’s what he had to say…

“As a CEO, I work for the shareholders. And our board is a strong independent board. We’re here to maximize shareholder value. We think the strategy we’ve laid out is the way to do it. We have a solid core business that’s profitable. We’re well positioned for that to grow and to take on new opportunities. We have a chance to build a much larger business for the company and that’s the right decision for the company.”


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