|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||39.76 - 40.79|
|52 Week Range||35.47 - 48.43|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||21.95|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 09, 2021|
|1y Target Est||N/A|
Aerojet Rocketdyne shareholders on Thursday elected the eight-person board slate headed by Chief Executive Officer Eileen Drake, the company said in a statement, ending one of the most bitterly fought proxy contests of the year. The eight-person slate nominated by Executive Chairman Warren Lichtenstein received roughly 25% of the vote. Drake and Lichtenstein, whose Steel Partners and affiliates own more than 5% of the U.S. rocket maker's stock, have been battling each other since the collapse of a planned $4.4 billion merger with Lockheed Martin Corp earlier this year.
Aerojet Rocketdyne shareholders are poised to elect a group of directors headed by the company's chief executive in a bitterly fought election where the company's executive chairman also sought control of the board, people familiar with the matter said on Wednesday. Chief executive Eileen Drake and Warren Lichtenstein, the executive chairman, each nominated eight director candidates for election to the U.S. rocket maker's board. The two have been battling each other since the collapse of a planned $4.4 billion merger with Lockheed Martin Corp earlier this year and both have sued each other in Delaware court.
Glass Lewis on Tuesday backed Aerojet Rocketdyne Holdings Inc CEO's eight-person board of directors slate, becoming the second proxy advisory firm to recommend against the U.S. rocket maker's executive chairman as he seeks control of the board. Chief Executive Eileen Drake and Warren Lichtenstein, the executive chairman, each proposed eight director candidates to sit on the board. Investors will vote on director candidates on June 30.