Manufacturing Industry
PW Eagle to get new board.(News)(Brief article)
Plastics News, May, 2006 by Griswold, Matt
Byline: Matt Griswold PVC pipe maker PW Eagle Inc. is planning changes to its board of directors and overall governance structure after two of its largest shareholders encouraged the company to pursue strategic moneymaking alternatives in March filings with the Securities and Exchange Commission.
Two officials from the larger shareholder have been nominated to join the revamped board at Eugene, Ore.-based PW Eagle. The two private equity firms, Hamilton, Bermuda-based Caxton International Ltd. and Norwalk, Conn.-based Pirate Capital LLC - which together own 24 percent of PW Eagle stock - suggested selling the company might provide a greater return on investment than the firm's current stock value. PW Eagle said in a news release that the firm's board...
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