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Windward Management has called on cinema theater operator Cineplex to buy back more shares and sell non-core assets, pointing to a recovering box office as audiences return to theaters and demand rises for premium movie experiences. https://t.co/mt1ZFBnnVY
Activist Windward presses Cineplex to boost buybacks, sell non-core assets https://t.co/P16VHhnTFi https://t.co/P16VHhnTFi
Activist Windward urges Cineplex to sell assets, do buybacks https://t.co/2pfZuWlOMT https://t.co/kZD2uc8i4a
Activist investor Cevian Capital has acquired a 3.02% stake in AkzoNobel, the maker of Dulux paints, amid the company's ongoing strategic overhaul. The move by Cevian Capital has been noted by multiple financial news sources, with AkzoNobel shares rising following the announcement. Separately, activist investor Windward Management is urging Canadian cinema operator Cineplex to initiate share buybacks, sell non-core assets, and prepare for an outright sale. Windward argues that Cineplex's stock has the potential to nearly triple, citing a recovering box office and increasing demand for premium movie experiences as audiences return to theaters.
