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Gleacher sidelined in boardroom battle

Troubled Manhattan investment bank Gleacher & Co. told investors yesterday that it plans to be a bystander to its own upcoming shareholder meeting, which will pit a private-equity firm against a hedge fund for control of the board. PE firm MatlinPatterson said it intends to nominate eight members to the boutique… …read more
Source: NY Post

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Posted by on April 12, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.