Deals
Activist Investor Mantle Ridge Reports 20% Stake in Aramark
- New York-based fund run by former Ackman associate Paul Hilal
- Investor plans to push for changes at food, facilities manager
Source: Smith Collection/Gado via Getty Images
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Activist investor Mantle Ridge has built a 20% stake in food and facilities management company Aramark and plans to push for changes at the company.
The New York-based fund run by Paul Hilal said in a regulatory filing Friday that it has built a position in the company in stock and options. The firm, whose stake is worth about $1.8 billion based on Friday’s closing price, said it planned to hold talks with the company about its strategic direction, governance, board and management composition, among other matters.