AdvertisementAdvertisementBusiness04 Jul 2026 01:49AM (Updated: 04 Jul 2026 02:02AM) Bookmark Bookmark WhatsApp Telegram Facebook Twitter Email LinkedInAdd CNA as a trusted source to help Google better understand and surface our content in search results.Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST July 3 : Toby Neugebauer, the co-founder and largest shareholder of energy and data center development company Fermi, said on Friday he has suspended his proxy campaign to call a special meeting after a Texas Business Court judge recused himself shortly before a scheduled hearing, disrupting the timetable for a strategic review.Neugebauer said more than 70 per cent of votes cast so far backed a special meeting, but the judicial delay made it impossible to seat new directors in time to oversee what he called a "true dual-track process" for the company's financial and leasing needs.Here are further details.• Neugebauer said he would continue pressing the court to rule on Fermi's 70 per cent supermajority bylaw, which he has criticized as a board-entrenchment measure.Show MoreShow Less• The proxy campaign had won support from Glass Lewis and Egan-Jones, he said.• He said he remained confident Fermi, which supplies power to data centers amid an artificial intelligence boom, could secure its tenant group, assuming talks involved the same parties his team was negotiating with before his departure.Source: ReutersNewsletterWeek in ReviewSubscribe to our Chief Editor’s Week in ReviewOur chief editor shares analysis and picks of the week's biggest news every Saturday.Sign up for our newslettersGet our pick of top stories and thought-provoking articles in your inboxSubscribe hereGet the CNA appStay updated with notifications for breaking news and our best storiesDownload hereGet WhatsApp alertsJoin our channel for the top reads for the day on your preferred chat appJoin hereAlso worth readingContent is loading...Expand to read the full storyGet bite-sized news via a newcards interface. Give it a try.Click here to return to FAST Tap here to return to FASTFAST