Elliott Adds Three Directors to Align Technology Board in Settlement
Deals·1 article across 1 outlet
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Align Technology Inc., the maker of Invisalign teeth-straightening products, said it has agreed to add three new directors to its board as part of a settlement with hedge fund Elliott Investment Management.
This move comes as part of an agreement aimed at enhancing the company's governance structure amid pressure from the activist investor.
Align TechnologyElliott Investment Management
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“Align Technology Inc., the maker of Invisalign teeth-straightening products, said it has agreed to add three new directors to its board as part of a settlement with hedge fund Elliott Investment Management.”
Bloomberg — Activist Elliott Strikes Board Settlement with Invisalign Maker