03:47 PM EST, 12/02/2024 (MT Newswires) -- Grifols ( GRFS ) shareholder Mason Capital Management's co-founder Kenneth M. Garschina is seeking Grifols ( GRFS ) board revamp and a seat at the table, replacing Tomas Daga, Garschina told Bloomberg in an interview.

Daga has the "de facto control" of the board and runs everything from capital allocation decisions, director appointments and financing strategies, which have been detrimental to shareholder value, Garschina reportedly said.

Daga has been consistently re-elected with strong shareholder support, exceeding 90% approval in the past two elections, a Grifols' ( GRFS ) spokesperson told Bloomberg.

Grifols ( GRFS ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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