Hayek Family Blocks Activist Investor From Swatch Board

The Hayek family successfully defeated an activist investor's latest attempt to join the Swatch Group's board during a contentious general meeting. US investor Wood's bid was once again rejected by the family's resistance.

12 May, 14:18 — 12 May, 14:18

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FTVery High60d ago

Hayek family defeats activist investor’s latest push to join Swatch board

Watchmaker’s controlling shareholders use dominant voting stake to block Steven Wood’s fresh bid to win seat

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Coverage Timeline

First report: nzz · 12 May, 11:11|Full coverage: 2 · 3h|Window: 3h

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nzz12 May, 11:11First to report

Heisse Generalversammlung der Swatch Group: US-Investor Wood scheitert erneut am Widerstand der Familie Hayek

3h later

FT12 May, 14:18Latest update

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Hayek Family Blocks Activist Investor From Swatch Board

Sources

Hayek family defeats activist investor’s latest push to join Swatch board

Coverage Timeline

Heisse Generalversammlung der Swatch Group: US-Investor Wood scheitert erneut am Widerstand der Familie Hayek

Hayek family defeats activist investor’s latest push to join Swatch board

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