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"We are pleased that the company has committed to additional enhancements to its governance that we hope will continue to protect and enhance shareholder value going forward," said Noel Beasley, chairman of the Amalgamated Bank.
This will enhance shareholder value.
It does not enhance shareholder value overall.
That's the ideal thing to enhance shareholder value".
But, he said, his goal had been to enhance shareholder value.
"We are real, and our mission is to enhance shareholder value for all shareholders in undervalued companies," he said.
Instead, he said, Sovereign wanted "to work with SK Corporation's management to enhance shareholder value through improved corporate governance".
These "strategic alternatives to enhance shareholder value" could include a "recapitalization or a going-private transaction," the filing said.
Trian will help the chain's management "identify and pursue strategies to enhance shareholder value," according to the filing.
The insurance broker said its board would "evaluate strategies to enhance shareholder value," which is often considered code for a possible sale of assets.
Given the world we live in, however, it seems likely that that rap that he didn't do enough to "enhance shareholder value" will stick to him.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com