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D.E. Shaw Calls for Verisk Analytics to Divest Assets, Add New Directors

  • Hedge fund writes letter to Verisk calling for new directors
  • Verisk shares rise, Truist says D.E. Shaw likely to prevail
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D.E. Shaw & Co. has built a significant stake in Verisk Analytics Inc. and is calling on the company to make changes, including selling off non-core businesses in moves that it said would create $20 billion in value for shareholders. 

The New York-based investment firm said in a letter to the company’s board Thursday that it has also been advocating for more independent directors on the board and operational improvements at the company in recent months.