- P-E firm Waterton Global Resource says it plans to nominate several candidates to Hudbay Minerals' (NYSE:HBM -2.5%) board and urges the miner to replace its CEO, citing what it says is the company’s "massive value destruction and chronic underperformance."
- Waterton, which owns a ~10% stake in HBM, also says it has withdrawn its request for a special shareholders meeting.
- The P-E firm says it is finalizing its recruitment of a majority slate of director candidates including a "transformational potential CEO" to nominate for election at HBM's 2019 annual meeting.