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Activist Investors Get More Backing for Change at PDC Energy

BNN Bloomberg

(Bloomberg) -- The push for change at oil and gas producer PDC Energy Inc. has won the support of another activist investor, who plans to vote in favor of Kimmeridge Energy Management’s three nominees for the board. Lion Point Capital, which owns a 2.3% stake in PDC Energy, believes the company requires changes at the board level to improve its performance...

Mentions: Activist Investors Management Investors