US-based ValueAct Capital is renowned for pushing radical changes at established firms and now has biggest stake of 5.5%

The prospect of a break-up of Rolls-Royce, one of Britain’s biggest manufacturers, is back on the agenda after a US activist hedge fund revealed it has built a 5.5% stake in the company.

ValueAct Capital, which is based in San Francisco, is renowned for pushing companies for radical change but prefers to operate behind the scenes rather than make its case through public announcements. In the past it has targeted Microsoft and mobile phone maker Motorola, often looking for the company to sell itself or hive off assets.

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Source: The Guardian Circular Economy RSS