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Activist Barington prompts maker TriMas to consider sale of agency

Summary by India Daily Mail

Activist investor Barington Capital Group wants TriMas to launch a strategic review of options, including the possible sale of the entire company, arguing in a letter that hiring a financial adviser is a higher priority than finding a new CEO. The New York-based hedge fund, which owns roughly 1.5% of the Bloomfield Hills, Michigan-headquartered manufacturer of industrial, aerospace, and consumer products, is dialing up the pressure days after Tr…

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India Daily Mail

Activist Barington prompts maker TriMas to consider sale of agency

Activist investor Barington Capital Group wants TriMas to launch a strategic review of options, including the possible sale of the entire company, arguing in a letter that hiring a financial adviser is a higher priority than finding a new CEO. The New York-based hedge fund, which owns roughly 1.5% of the Bloomfield Hills, Michigan-headquartered manufacturer of industrial, aerospace, and consumer products, is dialing up the pressure days after Tr…

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India Daily Mail broke the news in 1 month ago on Friday, January 10, 2025.

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