Activist peeps, today is an utter cluster…Seems like once a week we get on one, that day is today this week. Activist investing news and stories for April 16 below. Tip us off at @activiststocks, get on our daily activist newsletter, and ICYMI the latest newsletter is here.
News:
- Atlantic Investment Management dumps nearly half its Oil States stake. This takes its stake below 5% to 4.1%. Atlantic is down 6% on its stake since going active in early Dec.
- Orange Capital joins Jon Litt’s Land & Buildings in an activist battle to try and urge corporate governance changes at the mall REIT Macerich. Recall that Macerich rejected a bid from Simon Properties that was 15% higher than where...
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