ATTO - Atento announces cooperation agreement with investor group

Atento (NYSE:ATTO) on Thursday said it had reached a cooperation agreement with a group of its investors. The investors were Kyma Capital, Charles Frischer and Asheef Lalani, who together own an about 8.5% stake in Atento. As per the deal, Atento's board will nominate Kyma Capital's chief investment officer Akshay Shah to stand for election as a new independent director at ATTO's upcoming shareholders meeting on June 29. The investors have also agreed to customary standstill, voting and other provisions. ATTO stock earlier closed +5.4% at $11.07. It was up 1.9% after hours.

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Atento announces cooperation agreement with investor group