The season of good will has provided the perfect backdrop for the easing of hostilities between Scorpio Bulkers and vocal shareholder Monarch Alternative Capital.
New York-listed Scorpio and the investor have ended months of disagreement by striking a pact that will give one of two external candidates proposed by Monarch a seat in the owner’s boardroom.
Monarch, which holds an 11.57% stake in the bulker owner ,will not get a direct representative in the room as part of the accord.
