TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Starboard buys 7.7% stake in Calgon Carbon, seeks 3 board seats

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

CCC $15.92 +$0.10

at close on WEDNESDAY

Daily Photo Galleries

'American Coyotes' Series

Traveling by Jeep, boat and foot, Tribune-Review investigative reporter Carl Prine and photojournalist Justin Merriman covered nearly 2,000 miles over two months along the border with Mexico to report on coyotes — the human traffickers who bring illegal immigrants into the United States. Most are Americans working for money and/or drugs. This series reports how their operations have a major impact on life for residents and the environment along the border — and beyond.

By Thomas Olson
Wednesday, Jan. 23, 2013, 12:30 p.m.
 

An investment partnership in New York has acquired a 7.7 percent stake in Calgon Carbon Corp. and seeks to elect three of its principals to the Robinson Township company's board at its next annual meeting. Starboard Value LP spent $63.9 million to acquire nearly 2.8 million shares through dozens of stock purchases from Nov. 20 through Jan. 18, according to a securities filing. The group said it is in discussions with Calgon Carbon management about its director slate.

“We welcome shareholders who believe in our investment potential, and we are open to ideas that can create shareholder value,” said a statement from Calgon Carbon, which develops and produces air and water purification products. “We have spoken with Starboard and have had a constructive exchange of ideas.”

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Rossi: Looking at the next great Steeler
  2. Steelers swap draft pick for Eagles cornerback
  3. After early criticism, Haley has Steelers offense poised to be even better
  4. McCullers’, McLendon’s prowess in clogging trenches crucial to Steelers defense
  5. Shell shovels millions into proposed Beaver County plant site
  6. EPA diktats: Pushing back
  7. Starting 9: Examining Pirates’ deadline decisions
  8. Penguins not alone in top-heavy approach to salary cap
  9. Pirates notebook: New acquisition Happ more than happy to fill spot in rotation
  10. Steelers notebook: Injuries finally become issue at training camp
  11. Reds solve Cole, stave off Pirates’ 9th-inning rally