ATG Investor Presses for Chair Ouster and Sale
Auction Technology Group faces pressure from its largest shareholder to replace its chair and evaluate strategic options including a potential sale. FitzWalter Capital argues the UK listing holds back its US-focused business.
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Auction Technology Group shareholder FitzWalter Capital called for the ouster of Chair Scott Forbes and a full strategic review on Monday morning. The activist firm owns a 27.2% stake in the United Kingdom-based online auction operator. FitzWalter argues that a potential sale could unlock greater value for investors.
