Activist Investor Blackwells Aims to Call on Peloton to Fire CEO, Explore Sale

France Nouvelles Nouvelles

Activist Investor Blackwells Aims to Call on Peloton to Fire CEO, Explore Sale
France Dernières Nouvelles,France Actualités
  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

An activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar.

An activist is pushing Peloton to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar with the matter.

Blackwells Capital, which has a stake of less than 5% in Peloton, believes Peloton could be an attractive acquisition target for larger technology or fitness-oriented companies, the person said. To be sure, Foley and other insiders have super-voting Class B shares, which gave them control over 80% of Peloton's voting power as of Sept. 30, according to a proxy filing.to fire its chief executive officer and consider a sale as its share price has plummeted, according to a person familiar with the matter.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

NBCDFW /  🏆 288. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

WSJ News Exclusive | Activist Investor to Call on Peloton to Fire Its CEOWSJ News Exclusive | Activist Investor to Call on Peloton to Fire Its CEOAn activist investor wants Peloton to fire its CEO and explore a sale after the stationary-bike maker’s stock plummeted more than 80% from its high
Lire la suite »

Kohl’s Can’t Find Relief From Investor PressureKohl’s Can’t Find Relief From Investor PressureIn a letter, Engine Capital urged Kohl’s to run a sale process following Starboard Value’s bid, as activists remain unsatisfied with the pace of the the department-store chain’s turnaround.
Lire la suite »

Activist investor Nelson Peltz acquires stake in Unilever\nActivist investor Nelson Peltz acquires stake in Unilever\nTrian Fund Management LP, the activist hedge fund run by Nelson Peltz, has acquired a stake in Unilever PLC, according to people familiar with the matter,...
Lire la suite »

A new look at how turmoil is defining the lives and politics of Generation ZA new look at how turmoil is defining the lives and politics of Generation ZVeteran pollster John Della Volpe explores how America's youngest voters and activists are coming of age in his new book, Fight: How Gen Z is channeling their fear and passion to save America.
Lire la suite »

Peloton’s Crash Will Keep BurningPeloton’s Crash Will Keep BurningHeard on the Street: The wheels have come off the Peloton story, and now the company wants its customers to pay for its own repairs
Lire la suite »



Render Time: 2025-03-22 13:09:55