R. P. Scherer proxy battle
Executive Summary
Annual meeting, which began on Aug. 17, will reconvene on Aug. 24. At that time, the results of a shareholder vote relating to three director seats and a proposal made by Carla Scherer fink and brother John Scherer will be announced. In a 180-degree turnaround, Bessemer Securities, a New York investment company with a 6.6% interest in R. P. Scherer, has decided to vote in favor of company management, according to a recent 13D filing. Previously, Bessemer had supported Carla Fink's proposal to sell the company. The status of 9.3% of the company's voting power, which is held in trust, remains uncertain