Monitoring Croda for Potential Activist-Driven Strategic Review

about 1 month ago

Bloomberg reporter Louise Moon

"there was a disclosure that an American investment management company had an over 5% stake in Croda. They previously took a stake in a similar company, pushed for a strategic review, and the stock later reacted. Croda, after yesterday's gains, has lost almost 40% year to date if you take away those gains, so there is speculation they might push for similar changes."

An American investment manager building a significant stake in Croda raises the possibility of an activist-led strategic review, a catalyst that investors should watch given the stock's sharp year-to-date decline.