News: Eastern Co (EML.OQ)

EML.OQ on NASDAQ Stock Exchange Global Market

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Fri, May 22 2015

Hedge fund Barington wins fight for two Eastern Co board seats

BOSTON - Barington Capital Group won its proxy contest by scoring two board seats at Eastern Co this week as shareholders widely backed the activist hedge fund's call to add new blood at the industrial hardware maker.

Hedge fund Barington wins fight for 2 Eastern Co board seats

BOSTON, May 22 - Barington Capital Group won its proxy contest by scoring two board seats at Eastern Co this week as shareholders widely backed the activist hedge fund's call to add new blood at the industrial hardware maker.

MIDEAST STOCKS-Oil buoys Gulf markets; Dubai, Saudi hit 2015 highs

DUBAI, April 26 - Most major Gulf stock markets, led by Dubai, rose on Sunday after the Brent oil price hit a 4-1/2-month high, while the bourse of energy importer Egypt closed in the red.

Egypt's Eastern Co 9-month net profit up 19 pct

CAIRO, April 26 - Egypt's top cigarette maker Eastern Co said on Sunday its nine-month net profit rose by 19.4 percent compared with the same period last year.

Barington Capital asks Eastern Co to reconsider unilateral board move

BOSTON, March 27 - Activist hedge fund Barington Capital Group on Friday urged Eastern Co to back off plans to immediately expand its board size after its annual meeting without giving shareholders a chance to voice views on the company's candidate.

Egypt's Eastern Co first company to seek land in Suez Canal project

CAIRO, March 11 - Egypt's top cigarette maker Eastern Co has requested 250 feddans (105 hectares) of land in a new industrial hub the government hopes to build around the Suez Canal, the company said on Wednesday.

Activist Barington nominates its CEO as director at Eastern Co

BOSTON - Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co, hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company.

UPDATE 1-Activist Barington nominates its CEO as director at Eastern Co

BOSTON, Feb 23 - Activist hedge fund Barington Capital Group on Monday nominated its own chief executive and another candidate as independent directors for The Eastern Co , hoping to boost the value of its 5.2 percent stake in the manufacturing and industrial company.

Hedge fund Barington to nominate directors at Eastern Co

BOSTON - Hedge fund Barington Capital said on Friday that it would nominate two independent candidates to Eastern Co's board to push the industrial hardware maker to improve its financial performance and boost its share price.

UPDATE 1-Hedge fund Barington to nominate directors at Eastern Co

BOSTON, Feb 6 - Hedge fund Barington Capital said on Friday that it would nominate two independent candidates to Eastern Co's board to push the industrial hardware maker to improve its financial performance and boost its share price.

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