Boardroom Alpha Digest: Wed, Jan 25

by | Jan 25, 2023

Executive News

  • Campbell Soup Company (CPB) announced the appointment of Carrie L. Anderson as its new CFO. Sign on bonus of $2M in stock, $1.5M cash, and a $750k / year salary. Anderson was previously CFO of LifeSciences Holdings Corporation (IART) since 2019.

Activist Situations

  • Hestia Capital announced that it plans to nominate 7 directors to Pitney Bowes’ (PBI) citing entrenchment and long-tenured board members.

SPACs

  • Jack Creek Investment Corp. (JCIC) officially closed its business combination with Bridger Aerospace (BAER) and the stock closed up thanks to its low-float dynamics.
  • Brilliant Acquisition Corp. (BRLI) approved its 4th extension out till April 20th, another 159k shared redeemed leaving $4.4M in the trust.
  • G Squared Ascend I Inc. (GSQD) will liquidate on 2/9 at $10.18 per share
  • Gesher I Acquisition Corp. (GIAC) closed its acquisition with Freightos Limited (CRGO) and will begin trading Thursday under its new ticker.

SPAC Calendar

Campbell Soup (CPB) announces a new CFO, DeSPACs are back in action and the rest of the Boardroom Alpha digest.
<a href="https://www.boardroomalpha.com/author/draps/" target="_self">David Drapkin</a>

David Drapkin

Spent his formative years at Goldman Sachs and now embraces the start-up life in NYC. A long suffering Oakland (Las Vegas) Raiders fan and graduate of the Wharton School at the University of Pennsylvania. Semi-professional go-kart racer waiting for his shot.

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Boardroom Alpha Digest: Wed, Feb 1

Fedex Corp. (FDX) announced it would be laying off ~10% of its corporate workforce and Ryan McInerney officially takes over at Visa (V).

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