NEW YORK, June 13 (Reuters) – Hedge fund Arex Capital Management is urging Enhabit (EHAB.N) to put itself up for sale and wants the home health and hospice provider to begin a strategic review to help reverse a 50% slide in its share price, according to a letter seen by Reuters. Enhabit is already interviewing … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HHEYRAEKDNPO3GFVOK2DX3EWPM.jpg "Yelp jumps as activist investor seeks sale or merger with Angi")
May 23 (Reuters) – Activist investor TCS Capital Management on Tuesday urged Yelp Inc (YELP.N) to either explore a sale or a merger with online-services company Angi Inc (ANGI.O), sending shares of the service-recommendation site 10% higher in premarket trading. Yelp is “shockingly undervalued” and could be sold for more than twice its share price, … [Read more…]
May 22 (Reuters) – Activist investor TCS Capital Management has built a stake in Yelp Inc (YELP.N) and is urging the service-recommendation site to explore strategic options, including a sale, the Wall Street Journal reported, citing people familiar with the matter. TCS Capital, owning over 4% of the outstanding shares of Yelp’s common stock, ranks … [Read more…]