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Elliott adds three independent directors to Align Technology board

The settlement will expand Align Technology's board with three new independent directors as part of Elliott Investment Management's activist push.

Reported · Written up by our desk · Hedge Funds

Hedgeweek reports that Align Technology, the maker of Invisalign clear aligners, reached a settlement with activist hedge fund Elliott Investment Management.

Under the terms described in a Bloomberg report, three new independent directors will be added to Align Technology's board.

The development is tied to Elliott's activist effort, with the board changes serving as the mechanism for the settlement.

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