New York Times and OneSpan Stock See Action From Activist Investors

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ValueAct Capital cut slashed its position in media firm New York Times. Legion Partners disclosed a large position in authentication and security technology...

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Aug. 10 through Aug. 16, 2023. Source: VerityDataLegion Partners reported holding 3,467,631 shares of the authentication and security technology firm, an 8.7% stake.

Legion believes OneSpan should commit to 30%-plus adjusted margins for earnings before interest, taxes, depreciation, and amortization for 2024, increase capital returns by more than $50 million, and pursue a sale of the company.Blackstone Group trimmed its stake in the commercial safety and engineering company to 24,390,243 shares. All of those underlie series B preferred convertible stock issued under a July 2021 stock-purchase agreement. APi Group used the proceeds to help fund its $3.

On June 1, Lifecore reported fiscal third-quarter numbers, and said that as a result of reaching an enhanced supply agreement with a customer, and a debt restructuring, it was able to remove an auditor’s warning about the company’s viability.

 

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