Southeastern Takes Active Stance in Hilb Rogal & Hobbs

| About: Hilb Rogal (HRH)

In a 13D filing on Hilb Rogal & Hobbs Co. (NYSE: HRH), 9.7% holder Southeastern Asset Management noted they changed their filing status from 13G 'passive' to 13D 'active' noting they changed their status in order be be more active in corporate governance and management matters, and to have the ability to enter into discussions with third parties concerning proposed corporate transactions of a significant nature.

Southeastern said they have had talks with the company's management and may have additional conversations with management and/or third parties regarding opportunities to maximize shareholder value.