Corvex seeks board seat at Whitbread, cites strategic concerns
Corvex, a substantial Whitbread shareholder, says it spent the past year trying to engage privately with the board and is increasingly concerned about Whitbread’s strategic direction and structural complexity.
4% of Whitbread’s ordinary shares and has an economic interest of roughly 7%, said it has spent the past year trying to engage privately with the board. The investor said it has grown increasingly concerned about Whitbread’s strategic direction and structural complexity.