Baker Hughes: ValueAct discloses an increased 5.3% active stake; intends to have conversations with management, which may include the composition of the Board
ValueAct intends to have conversations with members of the BHI's management and board of directors to discuss ways to enhance shareholder value. The topics of these conversations will cover a range of issues, including those relating to the business of BHI, management, board composition (which may include whether it makes sense for a ValueAct Capital employee to be on the Issuer's board of directors), operations, capital allocation, asset allocation, capitalization, dividend policy, financial condition, mergers and acquisitions strategy, overall business strategy, executive compensation, and corporate governance.