Rolls-Royce Shares Fall After Largest Investor Cuts Stake
March 25 2019 - 6:44AM
Dow Jones News
By Oliver Griffin
Shares in Rolls-Royce Holdings PLC (RR.LN) fell Monday after
activist investor ValueAct Capital Management LP cut its stake in
the company by around 1.5%.
ValueAct has sold 1.9 billion of its shares in Rolls-Royce.
Shares at 0956 GMT were down 1.6% at 889.40 pence, valuing the 1.5%
holding at around 254.1 million pounds ($335.5 million).
The activist investor is the largest individual shareholder in
Rolls-Royce and continues to hold a 9.5% stake in the company.
ValueAct became the company's largest investor in 2015 and a
representative joined the Rolls-Royce board in 2016.
Write to Oliver Griffin at oliver.griffin@dowjones.com;
@OliGGriffin
(END) Dow Jones Newswires
March 25, 2019 06:29 ET (10:29 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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