Activist Practice Negotiates 2 More Board Seats for Starboard at Wausau Paper

The Wall Street Journal, Milwaukee Journal Sentinel, and other media reported on the successful negotiation of a settlement by Olshan client Starboard Value with Wisconsin-based paper products company Wausau Paper. The Wall Street Journal called the accord “a victory for the activist hedge fund.” Starboard is Wausau Paper’s largest shareholder with a 14.8% stake. Steve Wolosky, Andrew M. Freedman and Meagan M. Reda represented Starboard in connection with its investment and the settlement negotiation.