Irenic Capital Management Acquires Stake in KBR Amid Doge Fears, Pushes for Separation of Private Sector Segment

Irenic Capital Management, an activist investor, has acquired a stake in government contractor KBR and intends to advocate for the separation of its private sector segment. This move comes amid concerns surrounding KBR, which has recently faced challenges linked to the cryptocurrency Dogecoin. The company is now under pressure from Irenic to enhance its corporate structure and potentially improve shareholder value.