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Barclays in Activist Crosshairs as Bramson Takes 5.2% Stake

  • Bramson’s Sherborne is said to seek a say in bank’s turnaround
  • Barclays shares rise the most in almost a month on the news
Bloomberg business news

Barclay's Is 'Interesting' to Activist Investors

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Barclays Plc, in the midst of a controversial overhaul of its investment bank, is now the target of Edward Bramson after his Sherborne Investors acquired 5.2 percent of the voting rights.

Bramson is keen to push for change at Barclays, said a person familiar with his views, who asked not to be identified. The person declined to elaborate on the investor’s strategy. The stock trades about a third below the value of the bank’s assets, according to data compiled by Bloomberg.