Twilio shares are trading higher following a report suggesting Legion Partners has met with the company's board and management, urging the company to make changes to the board and consider divestitures.
Portfolio Pulse from Bill Haddad
Twilio shares are trading higher after Legion Partners met with the company's board and management, urging them to make changes to the board and consider divestitures.
May 31, 2023 | 1:59 pm
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POSITIVE IMPACT
Twilio's stock price is trading higher following Legion Partners' meeting with the company's board and management, pushing for board changes and divestitures.
The news of Legion Partners meeting with Twilio's board and management and urging for changes to the board and potential divestitures has led to an increase in Twilio's stock price. This indicates that investors are reacting positively to the possibility of changes in the company's governance and strategy, which could potentially lead to improved performance and shareholder value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100