Rolls-Royce still says it doesn’t plan to break up, even with ValueAct Capital now on the board. VA owns ~11% of the engine maker.
Rolls on whether VA can break up the company: “They have not and we will not break the company up.” Sounds like a challenge.
With 5 businesses – civil aerospace, defence aerospace, marine, nuclear, and power systems – something has to go. It’ll likely be the marine business first. Rolls is already open to asset sales.
Here is our quarterly 13F roundup for high-profile hedge funds. The data is based on filings covering the quarter to the end of March 2022. These statements only provide a snapshot of hedge fund holdings at the end of March. They do not contain any information about when the holdings were bought or sold or Read More
VA says on its board appointment “It is a privilege to be joining the board and I look forward to working closely with the board members and management team as they execute their plans for sustained long-term success.”
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