ARTICLE | Company News

Genzyme biopharmaceuticals news

January 11, 2010 8:00 AM UTC

Genzyme said it agreed to appoint Ralph Whitworth of Relational Investors LLC to its board if the activist hedge fund requests representation in November. In exchange, Relational has agreed to standstill provisions that would prevent involvement in any solicitation of proxies, shareholder proposals, nomination of another board candidate, or work with third parties to control or influence Genzyme. ...