Deals
Smiths Group Activist Seeks Breakup of Airport Scanner Firm
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An activist investor called for the breakup of Smiths Group Plc, saying the UK airport-security firm’s disparate mix of assets is putting a lid on its stock-market valuation.
Engine Capital LP has built an almost 2% stake in Smiths Group and has met with Chief Executive Officer Roland Carter to share its views, the hedge fund said in a letter to the board.