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Tag: medifast
Medifast restructuring board of directors
2015-04-06 23:34:46| Biotech - Topix.net
Medifast Inc. agreed to nominate five new board members as part of a deal with activist investor Engaged Capital LLC. The weight-loss and diet products company will nominate Glenn W. Welling, the founder and chief investment officer of Engaged Capital, along with Jeffrey J. Brown, the CEO of Equity Partners LLC, who will become the lead director. Another nominee is Jori Hartwig, the chief operating officer of 3Kintetic Inc. The board restructuring comes as the company closes weight control centers amid a changing market with more competition from technology that helps people follow dieting regimens.
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Medifast adopts 'poison pill' to ward off takeover attempts
2014-08-29 19:15:26| Biotech - Topix.net
Weight-loss company Medifast, which makes products like Garlic Mashed Potatoes and Sour Cream and Chive Mashed Potatoes, announced a stockholder rights plan Thursday, Aug. 28. Medifast Inc. has moved to put a stockholder rights plan or "poison pill" in place that would make it hard for an outside company to execute a hostile takeover.
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ModusLink takes 10 percent stake in Medifast
2014-08-28 02:29:12| Biotech - Topix.net
A supply chain and logistics company has taken a nearly 10 percent stake in Medifast over the last month - and left open the door to buying more.
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Medifast wants to feed you more than just weight loss shakes
2014-06-05 10:28:14| Biotech - Topix.net
Medifast Inc. is on a mission to let customers know the company makes more than just diet shakes.
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