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Activist Clearway Pushes SlimFast Owner Glanbia on Spinoffs

  • Clearway eyes doubling Glanbia value following stake purchase
  • Spinoff targets could include SlimFast and Optimum Nutrition
relates to Activist Clearway Pushes SlimFast Owner Glanbia on Spinoffs
Photographer: Daniel Acker
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Activist investor Clearway Capital is pressing Ireland’s Glanbia Plc to spin off some of its branded businesses, as part of a plan to extract value and double the food and nutritional products company’s market value to over 6 billion euros ($6.3 billion).