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Benzinga
Benzinga
Business
Vandana Singh

Avantor Stock Jumps As Activist Investor Urges Sale, Board Shake-Up, And Cost Cuts

Avantor Engine NYSE
Genetic,Research,And,Biotech,Science,Concept.,Human,Biology,And,Pharmaceutical

Avantor Inc. (NYSE:AVTR) stock rose after Engine Capital LP, which holds roughly 3% of the company, urged management in a letter to consider a sale, refresh its board, boost share repurchases, cut costs, and divest non-core assets.

Engine Capital LP has called for sweeping changes to reverse years of operational missteps and lagging shareholder returns.

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