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The Works activist investor hits back at retailer’s ‘absurd’ claims
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NEWSDECK ANALYSIS
The Works is a UK-based discount retailer listed on the Alternative Investment Market (AIM), which has been the subject of attention from activist investor Kelso. Activist investors like Kelso often seek to influence a company's strategy or governance by acquiring a significant stake and pushing for changes, which can sometimes lead to tensions with existing management. The role of activist investors in shaping corporate decision-making has been a topic of interest in recent years, particularly in the context of UK-listed companies.
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The Works activist investor hits back at retailer’s ‘absurd’ claims
The activist investor seeking to gain a seat on the board at The Works has hit back at the discount retailer’s “absurd” claims the move would undermine its growth plans. Kelso, an activist investor, has criticised the AIM-listed retailer for urging shareholders to block its attempt to install retired private equity partner Graeme Coulthard as [...]
13 Aug, 21:25
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