Activist investor Browning West builds over 4% stake in flight simulator firm CAE
Activist investor Browning West said on Friday it has built a 4.3% stake in CAE, pushing to have a say in hiring the flight simulator maker's new top boss. CAE had said in November its current CEO Marc Parent would leave the Canadian firm after 15 years.
Activist Browning West Takes 4% CAE Stake to Sway CEO Succession
Investment firm Browning West LP has built a 4.3% interest in Quebec-based flight simulator company CAE Inc. and wants a say in picking its next chief executive officer.
Browning West Releases Letter to CAE Inc. Board of Directors
Believes Recruitment of a Proven CEO with Verifiable Track Record of Value Creation is Critical to Unlocking CAE’s Long-Term PotentialBoard
Activist Investor Browning West Wants a Say in CAE's CEO Search
Activist investor Browning West said it wants to be a part of CAE's executive search for its next chief executive. In a letter to the CAE board on Friday, L.A.-based investment firm Browning West said it would like to be engaged in the process of collectively recruiting the best possible candidate for the head position.
CAE Inc. gains as activist takes stake, wants to help with CEO search
CAE Inc. (NYSE:CAE) rose 3% as an activist disclosed a stake and wants to help the flight simulator find a new chief executive officer. Browning West LP accumulated a 4.3% stake in CAE, according to a letter the activist sent to the company's board on Friday.
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