LONDON May 16 Online gambling company
Bwin.Party said on Friday it would hire three new
independent directors to strengthen its board after pressure
from an American activist investor for change.
Deputy chairman Rod Perry and fellow directors Manfred
Bodner and Helmut Kern would step down once the new arrangements
were in place, the company said.
U.S. activist investor Jason Ader has been seeking to get
four nominees on to the board at the company's annual meeting to
be held next week, saying the current management had failed to
deliver the benefits of a 2010 merger which created the company.
Bwin urged shareholders to vote against the nominees put
forward by Ader's SpringOwl vehicle.
(Reporting by Keith Weir, editing by James Davey)