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Stock Market & Financial Investment News

News Breaks
June 30, 2014
08:37 EDTSUPSuperior Industries reports GAMCO withdraws proposal for ‘Dutch Auction' tender
Superior Industries announced that GAMCO Asset Management Inc. has withdrawn its shareholder proposal related to a “Dutch Auction” tender offer to repurchase at least $40M of the company’s outstanding common stock. However, GAMCO retains the right to pursue the election of its three nominees to the Company’s Board of Directors at the Annual Meeting scheduled for August 15. To date, Superior has repurchased approximately $22M of the company’s common stock under its $30M stock repurchase program authorized in March 2013, the company said.
News For SUP From The Last 14 Days
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April 20, 2015
17:32 EDTSUPGabelli reports 12.52% stake in Superior Industries, urges support for nominees
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16:20 EDTSUPSuperior announces ISS recommendation for holders to vote for all nominees
Superior Industries announced that ISS Proxy Advisory Services, a leading independent proxy advisory firm, has recommended to its clients that Superior shareholders vote the WHITE proxy card FOR ALL seven of Superior’s director nominees standing for election at the Annual Meeting of Shareholders to be held on May 5, 2015. ISS’ clients include institutional investors, mutual funds, pension funds and other fiduciaries. As previously announced, GAMCO Asset Management is waging a proxy contest to elect its own director candidates to the Superior Board, despite the failure of similar attempts in 2013 and 2014. In recommending that Superior shareholders vote the WHITE proxy card FOR ALL seven of the director-nominees recommended by the Superior board, ISS noted that it had concluded that GAMCO had not made a compelling case that additional change to Superior’s board is needed and that votes for the Superior board’s nominees on the WHITE proxy card are warranted.
April 14, 2015
09:35 EDTSUPSuperior Industries initiated with a Buy at Sidoti
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