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Irenic joins Ancora in pushing for £1.65bn Big Yellow sale
Activist hedge fund Irenic Capital Management has acquired a roughly 4% stake in UK self-storage operator Big Yellow Group, joining fellow activist Ancora Holdings in pushing the FTSE 250 company to consider a sale, according to a report by the Financial Times. Irenic, founded by former Elliott Management investor Adam Katz and former Indaba Capital portfolio manager Andy Dodge, has been engaging with Big Yellow’s board for several months, arguing that the company is undervalued and should explore a potential sale, according to people familiar with the matter. The move follows Ancora’s disclos
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