X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Tom Barrack

NEW YORK—Activist investor Blackwells Capital is seeking to oust Colony Capital’s CEO Tom Barrack and will nominate five candidates for election to the company’s board of directors at the upcoming 2020 annual shareholders meeting. Blackwells, which reports it has a 1.85% stake in the company, says it has tried to engage privately with Colony “regarding badly needed business improvement initiatives and corporate governance reforms” over the last year in order to close what Blackwells says is a wide gap between Colony’s stock price and its intrinsic value.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.