Standard published an open letter last year accusing Johnson Matthey's board of presiding over "sustained underperformance" that wiped out shareholder value.
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Activist hedge fund manager Boaz Weinstein unveiled two bets in the U.K. investment trust space at this year's Sohn London event.
This stock has stalled out since July alongside a lack of positive earnings revisions.
We're taking the other side of a downgrade and making good on an earlier pledge.
Boaz Weinstein's activist hedge fund Saba Capital has issued new demands in its latest U.K. investment trust bet.
We're also downgrading the stock in conjunction with the sale.
We're taking a small portion of the freed-up cash to nibble on shares of a second name.
