Elliott Investment Management LP has taken an almost 5% stake in Bunzl Plc, according to people familiar with the matter. The investment comes after Bunzl issued a profit warning last year, which led the company’s shares to fall sharply. Multiple reports describe the stake as approaching the 5% level but do not provide additional details such as the exact percentage held, the timing of the purchase, or any specific demands or actions Elliott plans to take. The reports also do not specify whether Elliott is acting alone or alongside other investors. Bunzl, a UK-listed distributor, has faced investor scrutiny following the profit warning, and the new stake highlights increased activist interest in the company. The information is based on conversations with sources familiar with the matter and does not include commentary from Elliott or Bunzl within the provided excerpts. Further disclosures would be required to confirm the precise ownership level and any regulatory filings related to the stake.
Elliott Investment Management takes nearly 5% stake in Bunzl
Elliott Investment Management LP has taken an almost 5% stake in Bunzl Plc, according to people familiar with the matter. The investment comes after Bunzl issued a profit warning last year, which led...
- Elliott Investment Management LP has taken a stake in Bunzl Plc.
- The stake is described as almost 5%.
- People familiar with the matter say the stake was acquired after Bunzl’s profit warning last year.
- Bunzl’s profit warning led to a decline in the company’s share price.
- The reports do not include further details on Elliott’s plans or specific requests.
Elliott Investment Management LP has taken an almost 5% stake in Bunzl Plc, people familiar with the matter said, after a profit warning last year sent the UK distributor’s shares tumbling.
2 months agoActivist investor Elliott Investment Management LP has taken an almost 5% stake in Bunzl Plc, according to people familiar with the matter, after a profit warning last year sent the UK distributor’s shares tumbling.
2 months ago
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