Third Point, Saddle Point win board seats at Advance Auto Parts. A plan to improve margins may unfold
Publishing timestamp: 2024-04-13 07:24:48
Summary
Third Point and Saddle Point have taken activist positions in Advance Auto Parts, pushing for changes such as selling off the Worldpac business, improving supply chain issues, and appointing industry experts to the board. The stock price has dropped significantly after an earnings miss, presenting an opportunity for investors.
Sentiment: MIXED
Tickers: AAP,
Keywords: advance auto parts inc, business news, investment strategy, breaking news: investing,