Johnson Matthey wades into US activist campaign row Business Johnson Matthey has entered the public spat brewing over an activist campaign from its largest investor, attempting to reassure markets it has been taking concerns over its share price seriously. In a withering letter yesterday, US industrials investor Standard Investments slammed the chemicals group’s board for a “continued lack of urgency and incapacity” over its [...]
Johnson Matthey: US investor ramps up activist campaign Business Johnson Matthey’s largest shareholder has piled pressure on the FTSE 250 chemicals group, calling its response to a demanded strategic review “wholly insufficient”. In an open letter to Johnson Matthey chair Patrick Thomas, today, US industrials investor Standard Investments slammed the group’s “destruction of shareholder value” as part of its activist campaign. Last month, Standard [...]