Activist Barington asks casket maker Matthews for board seats, warns of second proxy fight

Matthews International

01/07/2025 13:24

NEW YORK, July 1 (Reuters) - Activist investor Barington Capital Group on Tuesday urged casket maker Matthews International MATW.O to fix its business and immediately invite the activist investor onto its board, or  possibly face another proxy fight next year.

Barington criticized Matthews' business portfolio, capital allocation, lagging stock price, and long-serving CEO in a letter seen by Reuters.

 (Reporting by Svea Herbst-Bayliss; Editing by Jan Harvey)

 ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))