1. Texas Pacific Land Trust Tries to Fend Off Activist Investor, Delays Meeting

    Texas Pacific Land Trust Tries to Fend Off Activist Investor, Delays Meeting

    Texas Pacific Land Trust (NYSE: TPL ) says it will postpone by two weeks until May 22 the date of a special meeting where shareholders will vote to fill an open trustee spot, taking a step to fight off a large investor seeking to install its own trustee and begin selling off TPL's portfolio. TPL wants shareholders elect an independent trustee, while ~23% owner Horizon Kinetics and its partners say they will seek to nominate Eric Oliver, president of the SoftVest hedge fund...

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