DJ Activist WaterMill Gets Third Ziopharm Board Seat -- Market Talk
1004 ET - Ziopharm Oncology adds WaterMill Asset Management founder Robert Postma to its board as part of a settlement agreement with the activist investor. Watermill won two board seats, along with the ouster of then chairman Scott Tarriff, in a consent solicitation in December, but a cap on board membership at eight kept Postma from a third WaterMill seat. Ziopharm says it's expanding the board to nine and adding Postma as part of the standstill deal, and that it will reimburse WaterMill for up to $400,000 in costs related to its efforts. (email@example.com)
(END) Dow Jones Newswires
February 05, 2021 10:05 ET (15:05 GMT)
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