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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.

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