US EditionVoya Faces TOMS Capital Pressure to Explore Break-up or Sale
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Activist investor pushes asset manager Voya to weigh sale – report
Voya Financial is under pressure from an activist shareholder to examine a sale of the whole company or parts of its $1.1tn pensions and insurance operations, reported Financial Times. Toms Capital Investment Management, a US hedge fund, has taken a stake in Voya and is pressing the group to look at strategic options, sources said. Those options include putting the company up for sale or separating its weaker health insurance unit. The sou…
Voya faces TOMS Capital pressure to explore break-up or sale
US asset manager Voya Financial is under increasing pressure from activist hedge fund TOMS Capital Investment Management to consider strategic alternatives, including a potential sale of the firm or divestment of parts of its business, according to a report by the Financial Times. According to sources familiar with the situation, Toms Capital has built a stake in Voya and is urging management to evaluate options for its $1.1tn pension and insura…
An American hedge fund, Toms Capital Investment Management, has taken a short position on the US financial group Voya Financial, reports the Financial Times.
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