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Swatch opposes activist investor GreenWood's bid for a board seat.
Swatch has formally urged shareholders to reject activist investor GreenWood Investors' attempt to secure a board seat, marking the second time the company has opposed the proposal.
The Swiss watchmaker stated the bid does not align with its long-term strategy or governance principles.
Shareholders will vote on the matter at the upcoming annual general meeting.
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Swatch se opone a la oferta del inversor activista GreenWood para un puesto en la junta directiva.