Activist Carronade urges Viasat break-up
Summary by Hedgeweek
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1 Articles
Activist Carronade urges Viasat break-up
Carronade Capital Management, an activist hedge fund led by Elliott Management alum Dan Gropper, is pressing satellite broadband provider Viasat to split off its defence business in a move it claims could unlock up to $11bn in shareholder value, according to a report by the Financial Times. In an open letter to shareholders, Carronade is publicly calling on the California-based company to pursue a strategic break-up, arguing that the defence tec…
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