NYSE:RALElectronic
Irenic Pushes Ralliant On Costs Capital Use And Share Buybacks
Irenic Capital Management has built an activist position in Ralliant (NYSE:RAL).
The fund is urging cost cuts, a sharper focus on core businesses, and changes to capital allocation.
Concerns include Ralliant’s recent cost levels and a recorded goodwill impairment.
Irenic is also calling for faster share buybacks as part of its proposals.
Ralliant, listed on the NYSE under ticker RAL, operates as a diversified business with exposure to several core segments that are tied to long term...