Activist Firm Takes Bigger Stake In Flagging ThyssenKrupp

Law360, New York (September 25, 2013, 1:29 PM EDT) -- Anglo-Swedish activist investor Cevian Capital AB on Wednesday disclosed that it has lifted its stake in ThyssenKrupp AG to 5.2 percent, saying it has faith in the company's long-term strategy but believes the struggling steelmaker's stock is undervalued.

The ramped-up investment comes after ThyssenKrupp, one of Germany's most prominent conglomerates, unveiled plans to right its course after several down quarters. Over the past two years, the company's shares have lost about half of their value, stemming from a botched expansion effort across the Atlantic.

ThyssenKrupp has...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.