March 26 (Reuters) - Tenet Healthcare Corporation said on Monday it reached an agreement with its largest shareholder Glenview Capital Management to vote in favor of the hospital operator’s board nominees.
Hedge fund Glenview has nearly 18 percent stake and has withdrawn its proposal to amend Tenet’s bylaws that would allow shareholders to take action by written consent without a meeting, the company said. [nBw45Fq3Fa
Last year, Glenview pulled off its two representatives from the board, citing “irreconcilable differences” over strategy.
Reporting by Mrinalini Krothapalli;Editing by Arun Koyyur