- SodaStream International (NASDAQ:SODA) nominates Torsten Koster as an additional director for election at its upcoming shareholders meeting.
- The nomination of the finance exec comes at the suggestion of Teleios Capital Partners, an activist firm with a significant stake in SODA.
- In connection with the nomination, SodaStream and Teleios have agreed to certain customary standstill provisions for a period of 18 months following the 2016 annual shareholders meeting.
- Previously: Activist investor on the prowl at SodaStream (Nov. 18)
- Source: Press Release