Starboard sets date for special meeting of Depomed shareholders

September 19, 2016 12:21 PM

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Activist investor Starboard Value LP, which owns 9.8 percent of drugmaker Depomed Inc and wants to oust the company's board, said on Monday it had won enough support from shareholders to set Nov. 15 as the date for a special meeting.

The hedge fund has criticized Depomed's board over alleged governance deficiencies and urged it to explore a sale.

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