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.

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Source: The Guardian Circular Economy RSS