After GBL said in late June that it is intending to increase its stake in GEA considerably, Elliott is now pushing for a faster CEO change and a replacement for the Chairman of the Supervisory Board. Both companies reiterated their views that GEA is a company with an attractive product portfolio but with poor management and supervision. In addition, both are seeing the value of their investments shrinking fast. We fully agree with these views and wonder why GEA has delivered such poor numbers
03 Jul 2018
Elliott is trying to change management
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Elliott is trying to change management
GEA Group Aktiengesellschaft (G1A:WBO) | 0 0 0.5% | Mkt Cap: 7,394m
- Published:
03 Jul 2018 -
Author:
Hans-Peter Wodniok -
Pages:
2
After GBL said in late June that it is intending to increase its stake in GEA considerably, Elliott is now pushing for a faster CEO change and a replacement for the Chairman of the Supervisory Board. Both companies reiterated their views that GEA is a company with an attractive product portfolio but with poor management and supervision. In addition, both are seeing the value of their investments shrinking fast. We fully agree with these views and wonder why GEA has delivered such poor numbers