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Market Chatter: Activist Irenic Capital Builds Stake in Government Contractor KBR
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Market Chatter: Activist Irenic Capital Builds Stake in Government Contractor KBR
Dec 19, 2024 5:33 AM

08:10 AM EST, 12/19/2024 (MT Newswires) -- Irenic Capital Management, an activist investor, has built a stake in government contractor KBR (KBR) and plans to urge the company to separate its business that serves the private sector, The Wall Street Journal reported Thursday, citing people familiar with the matter.

KBR did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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