Big Yellow Group Stock News

Activist investor ​Irenic Capital Management has built a stake ‌of about 4% in UK self-storage company Big Yellow Group and is pushing it to explore ​a sale, the Financial Times reported on ​Thursday, citing people familiar with the matter.

Big Yellow Group PLC (LSE:BYG), the UK self-storage operator, saw its shares rise over 5% to 842p on Wednesday morning after Ancora, a US activist investor with a 4% stake, pushed for a strategic review of the business that could lead to a sale. Bloomberg reported that Ancora plans to engage constructively with the board to deliver full value for shareholders.

Activist investor Ancora Holdings has urged Britain-listed Big Yellow Group to launch a strategic review, ​including a potential sale of the self-storage company.

CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (collectively with its affiliates, “Ancora”) today released a presentation (available here) detailing what it believes is a near-term opportunity to unlock the significant value trapped within the languishing shares of Big Yellow Group PLC (LSE: BYG) (“Big Yellow” or the “Company”). Ancora has a more than 4% stake in Big Yellow. This new in...