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Wausau Paper tries to fend off Starboard Value

  • Wausau Paper (WPP +0.1%) doesn't want to give a majority of its board to candidates nominated from Starboard Value.
  • Starboard, which already claims four of the nine board seats with its nominees, is pushing three more candidates.
  • Analysts thinks if Starboard wrestles control of the board away from company that it could push for a sale.
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