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Activist Elliott settles for a new director at Sensata. These next steps may help boost shares - TL;DR CNBC

Activist Elliott settles for a new director at Sensata. These next steps may help boost shares

Publishing timestamp: 2024-05-11 08:32:28


Summary

Sensata Technologies, an industrial technology company, has faced stock price underperformance due to capital allocation missteps. Elliott, a successful activist investor, settled for a board seat and influenced the appointment of a new CEO. The company has potential paths to value creation through fixing capital allocation practices, divesting non-core businesses, and benefiting from a secular tailwind in the sensor business.


Sentiment: MIXED

Tickers: ST

Keywords: hedge fundsbusiness newsinvestment strategysensata technologies holding plc

Source: https://www.cnbc.com/2024/05/11/elliott-settles-for-a-new-director-at-sensata-these-steps-may-help-boost-shares.html


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