Home / Business and Economy / Hedge Fund Demands Action from Vet Group
Hedge Fund Demands Action from Vet Group
13 May
Summary
- Activist fund Converium Capital urges CVS to boost performance.
- The fund also called for a 100 million pounds share buyback.
- Private discussions between Converium and CVS have failed.
Activist investor Converium Capital has escalated its campaign against British veterinary firm CVS. The hedge fund is publicly calling for the company to enhance its operational performance. Additionally, Converium is pressing CVS to implement a substantial share buyback program, valued at 100 million pounds.
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