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Citi and ValueAct Capital Enter into Information Sharing and Engagement Agreement

Citigroup, Inc (C)  More Company Research Source: Business Wire
Last citigroup, inc earnings: 4/15 07:59 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
PDF NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)-- Citigroup Inc. and ValueAct Capital announced today that they have entered into an Information Sharing and Engagement Agreement which will formalize and expand on the constructive dialogue between Citi and ValueAct that began in early 2018. The Agreement provides for a deeper level of engagement and collaboration between Citi and ValueAct. It enables ValueAct to have access to confidential information about the company and engage with members of Citi’s management team and Board of Directors on areas such as strategy, governance and operational planning matters. The Agreement also provides for ValueAct's support for management and the Board through the term of the Agreement, which lasts through December of 2019. A representative of ValueAct currently sits on the board of Alliance Data Systems, a competitor of Citi’s in certain business lines. Due to issu [Read more]

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