Starboard Value LP, the activist investor, nominated minority slate of directors to eBay board.
The slate of directors was privately nominated recently. The report also stated that if a settlement was not reached upon by both the sides, then the nominees will be up for election in June at the annual meeting.
Last month, Starboard called on eBay to sell the online marketplace’s classified business. The decision was on the basis that the classifieds business had not made enough progress to show improvements in shareholder values.
(Photos syndicated via Reuters)
This story has been edited by BH staff and is published from a syndicated field.