Activist investor Jana discloses 'significant' stake in Wolfspeed, urges semiconductor manufacturer to consider sale
Publishing timestamp: 2024-04-22 21:50:53
Summary
Activist investor Jana Partners has built a significant position in semiconductor manufacturer Wolfspeed and is urging the company to address the erosion of shareholder value, potentially through a sale. Wolfspeed's board is reviewing Jana's letter, but the company's shares have dropped significantly. Jana is calling for a comprehensive review of Wolfspeed's business, including the possibility of a sale.
Sentiment: NEGATIVE
Tickers: WOLF,
Keywords: breaking news, semiconductor device manufacturing, wolfspeed inc, business news, breaking news: technology, technology,
Source: https://www.cnbc.com/2024/04/22/activist-investor-jana-has-stake-in-wolfspeed-urges-sale.html