ValueAct’s stake could lead to a break-up of the business, whose products include medical equipment, electronic components and security scanners
ValueAct, a US hedge fund that agitates for change at companies, has emerged as a shareholder in British engineer Smiths Group, days after revealing it was the biggest investor in Rolls-Royce.
The San Francisco-based activist investor is believed to own between 3% and 5% of Smiths. ValueAct informed Smiths in the past six months that it had bought a stake following prolonged talks with company executives.
Source: The Guardian Circular Economy RSS