Lowe's names two directors after talks with activist investor [Reuters]
Lowe's Companies, Inc. (LOW)
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Source: Reuters
Lowe's names two directors after talks with activist investor | Reuters Reuters Staff 1 Min Read (Reuters) - Lowe’s Cos Inc ( LOW.N ) said on Friday it added two board members, a week after reports that hedge fund D.E. Shaw & Co had built an active stake in the home improvement chain, sending its shares up 2 percent. David Batchelder, co-founder of Relational Investors, and Lisa Wardell, CEO of Adtalem Global Education, were named to the board after “constructive discussions” with D.E. Shaw, the company said. Lowe’s also said it would nominate Brian Rogers, chairman of T. Rowe Price Group and its former chief investment officer, for board election at its annual shareholder meeting. Reporting by Vibhuti Sharma in Bengaluru; Editing by Saumyadeb Chakrabarty All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. Lowe's names two directors after talks with activist investor (Reuters) - Lowe’s Cos I
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