VOYA

96.6501.33%

Voya Financial may face `no confidence' vote backed by activist Toms Capital

Voya Financial may face a non-binding 'no-confidence' vote on Nov. 24, driven by activist investor Toms Capital Investment Management. Voya dismissed the straw poll as unsponsored and misleading, citing strong recent shareholder support for its board and executive pay. Meanwhile, Toms has been pushing for months for Voya to explore strategic options, including a potential sale or divestiture of its underperforming health insurer arm.

Login to unlock437characters for free

Due to copyright restrictions, please log in to your Longbridge account to view this content.
Thank you for your understanding and support of licensed content.