Glenview Submits Proposal To Change Tenet's Bylaws
Glenview Capital Management today submitted to Tenet Healthcare Corporation (“Tenet” or the “Company”) (NYSE:THC), a proposal which would amend the Company’s bylaws to allow all shareholders to take action by written consent without a meeting, including for the removal and election of directors. The proposal will be voted on at Tenet’s annual meeting expected to be held in May 2018. Concurrent with its submission to Tenet, Glenview, which presently owns 17.8% of the Company, issued the following open letter and accompanying frequently asked questions to Tenet’s shareholders.
More information, including a thorough presentation detailing Glenview’s rationale and the proposed bylaw amendment, can be found at www.tenetowners.com.