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The holding company led by Matthew Proud, the former CEO of Toronto-based legaltech firm Dye & Durham, has reportedly sent two letters to the farm-equipment maker’s chair urging collaboration to rebuild the board with independent directors before recruiting a new CEO. (Bloomberg)
Talking point: Ag Growth ran into trouble last year after pulling its financial guidance and delaying its third quarter earnings tied to problems in its Brazilian operations, a move Plantro called an “extreme governance failure,” prompting Canadian securities regulators to halt trading in the company’s shares. Ag Growth then released its overdue results in January, and its CEO stepped down days later. Plantro has taken action against several notable Canadian companies, most recently reigniting a legal fight with Dye & Durham, and pushing Ottawa- based tech company Calian to divest its non-core assets.
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