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Benzinga
Benzinga
Business
Joel Elconin

PreMarket Prep Stock Of The Day: Western Digital Rallies On Activist Investor's Entry

Whatever your ethical stance on activist investing is, it really does not matter. It is now common practice for large investors to take a large stake in a company and then tell the management that they know how to run their business better than they do.

This is usually accomplished by the investment firm sending a letter to the board of directors while simultaneously releasing the news to the public.

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