Oasis cuts Vail director nominees
Activist investor Oasis Management reduced its director nominees for Vail Resorts to two from four ahead of an upcoming board vote. The hedge fund aims to push operational changes while discussing a potential settlement.
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Oasis Management halved its director nominees to two for VAIL RESORTS INC following pressure to boost its share price. The hedge fund holds a 9.6% stake in the resort operator, making it the fourth-largest shareholder. The proxy fight comes as the company commands a market value of $5.4B amid a 60% stock decline over the past five years.
