Also written by Bloomberg News:
Labor Department Says ESG Investments Aren't Always `Prudent'
x hide permanently

Elanco Targeted by Sachem Head in Activist’s Biggest Bet

BNN Bloomberg

(Bloomberg) -- Activist investor Sachem Head Capital Management has made its biggest bet yet, taking a $1.2 billion stake in Elanco Animal Health Inc. to push for changes at the company. The New York-based investment firm, which owns a 9.1% stake in Elanco in stock and options, believes the company is undervalued and underperforming its competitors, including its larger rival Zoetis Inc., according to people familiar with the matter...

Mentions: Investment Management acquisition