With 7% they can't.

But they can put it to a vote of all the other shareholders at the annual meeting in a few months. If they can convince 50.00001% of the total that they are gonna get more $$$ with their board takeover and plan....then it happens.

Meanwhile the existing board and executive management will be making many of the same strategic moves and stockholder overtures to retain control.

Either way, the hedgies get more money via larger stock buybacks, dividends, or increased stock price. They don't necessarily have to "win" to directly profit.