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US pension fund CalSTRS to back Mantle Ridge candidates in Air Products board battle

By Yahoo! Finance   |   13 hours ago
US pension fund CalSTRS to back Mantle Ridge candidates in Air Products board battle

California pension fund CalSTRS supports activist investment firm Mantle Ridge's nominees for Air Products' board, aiming for CEO succession plan and capital changes. The fund owns a 0.12% stake. Proxy advisory firms also recommend Mantle Ridge candidates.

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