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.

Canada Canada Latest News, Canada Canada Headlines

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

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 »