Sandell Surprised By Publicity Around FirstGroup Activism
When UK transport operator FirstGroup plc (LON:FGP) (OTCMKTS:FGROY) rejected Thomas Sandell’s demands to sell its stake in Greyhound and other US assets, he made his proposals public. But what seemed like a natural next step to him fit perfectly into stories about US hedge funds starting activist campaigns in Europe.
Sandell Asset Management has had 10 activist campaigns since 2010
“We were a little surprised by the volume of publicity,” said . . .
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