Proxy Truces On The Rise At Catalent: Elliott Builds Significant Stake, Calls For Board Shake-Up
Portfolio Pulse from Vandana Singh
Elliott Investment Management has acquired a significant stake in Catalent Inc (NYSE:CTLT) and is advocating for a major overhaul of the board. This comes during a challenging period for Catalent, which has faced setbacks including the departure of its CFO, unexpected costs, operational challenges, and a 19% decline in revenue. In response, Catalent has appointed a new CFO and is implementing cost-cutting measures.
July 20, 2023 | 12:08 pm
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Elliott Investment Management's acquisition of a significant stake in Catalent and call for a board overhaul could lead to significant changes in the company's management and strategy. This comes at a time when the company is facing financial and operational challenges.
Elliott Investment Management's acquisition of a significant stake in Catalent and its call for a board overhaul could lead to significant changes in the company's management and strategy. This could potentially impact the company's stock price, depending on how these changes are perceived by the market. However, it's also important to note that Catalent is currently facing financial and operational challenges, which could also impact its stock price.
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