Twilio shares rally after activist investor pressures company to shake up board, weigh divestitures: report

Shares of Twilio Inc.

jumped 4.9% after hours on Tuesday after The Information reported that an activist investor with a stake in the software company was pressing it to shake up its board and think about possible divestitures. The investor, Legion Partners, has met with the business-communication software provider’s board and executives “several times,” the Information said.

jumped 4.9% after hours on Tuesday after The Information reported that an activist investor with a stake in the software company was pressing it to shake up its board and think about possible divestitures. The investor, Legion Partners, has met with the business-communication software provider’s board and executives “several times,” the Information said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI frenzy leading Palantir's stock to best month since November 2020Shares of Palantir Technologies Inc. were riding higher in Tuesday's market action as they roared toward their best month in two and a half years.
Source: MarketWatch - 🏆 3. / 97 Read more »

SoFi stock pops as debt-ceiling deal could reignite student-loan refinancing businessShares of SoFi Technologies Inc. were rising 8% in Tuesday’s session, with the debt-ceiling deal struck by President Joe Biden and House Republicans expected...
Source: MarketWatch - 🏆 3. / 97 Read more »

Freshpet says activist Jana Partners made ‘unfounded’ claimsFreshpet Inc. shares dropped 1% in the extended session Tuesday after the pet-food company fired the latest volley in its battle with activist investor Jana...
Source: MarketWatch - 🏆 3. / 97 Read more »