Barington Capital Group
NEW YORK: Activist investor Barington Capital Group has built a stake in Matthews International Corp and argues the company needs to refresh its board, cut costs and consider selling its packaging business once it can be fixed up.
Barington chief executive officer James Mitarotonda said that the mini-conglomerate is undervalued after years of mismanagement and underperformance relative to its peers.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
