Ancora picks up a stake in Elanco. How the investor may push to help improve margins
Publishing timestamp: 2023-12-30 06:37:22
Summary
The article discusses activist investor Ancora's push for changes at Elanco, including the replacement of the CEO, board composition changes, and improved margins. It highlights Elanco's failure to meet its margin targets, overpayment for an acquisition, and lack of accountability from the board. Ancora intends to nominate directors and push for long-term shareholder value. The article suggests that Ancora has a good chance of winning seats in a proxy fight and bringing about management changes that could increase shareholder value.
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Keywords: breaking news: investing, elanco animal health inc, investment strategy, hedge funds, business news,