Activist hedge fund Jana Partners has built a stake in payments and financial technology group Fiserv, engaging privately with management as it pushes for changes aimed at reviving the company’s sharply underperforming share price, according to a report by the Wall Street Journal.
The reports sites unnamed people familiar with the matter as saying tahat Jana has been in discussions with Fiserv about measures to improve execution and accelerate growth, while expressing support for chief executive...
Continue Reading
Sign up for FREE to read the full article and access 132K+ alternative investment headlines.