US Edition
Activist Third Point Builds Indra Stake, Urges Board to Buy EM&E
12 Articles
12 Articles
This is an activist investment fund that has brought about changes in companies like Nestlé or Sony, and now wants to make them in Escribano
The Third Point activist fund has emerged a participation in the social capital of Indra, from which the exact percentage has not been revealed, and has shown its support for the acquisition of Escribano Mechanical & Engineering (EM&E).In particular, the entity has sent a letter this Monday to the board of directors of the Spanish technological and defense company in which it expresses its support to the president of Indra, Ángel Escribano.In th…
The investment firm Third Point has taken part in the Spanish Defense Company Indra Sistemas, as Bloomberg News has advanced. The information, disseminated through the social network X, points out that the fund supports the strategy promoted by the president of the company, Ángel Escribano, oriented to the acquisition of a smaller competitor as a lever of growth. The movement fits with the road map marked by Indra to strengthen its positioning i…
The company rises by 3.42% after the ‘hedge fund’ Third Point strengthens its position in the capital of the company of the Ibex-35 and asks the council to move forward in the acquisition of the company
Bankinter Market Consensus The Third Point investment fund acquires an undisclosed stake in Indra. The main reason for the acquisition of the package is to support the acquisition/merger of Escribano Mechanical and Engineering (EM&E). Third Point is a hedge fund characterized by entering the social capital of companies with the aim of forcing corporate restructurings as it has already done in the past in companies such as Nestlé or Sony. Review…
Coverage Details
Bias Distribution
- 40% of the sources lean Left, 40% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
