(The Guardian)A US activist hedge fund has turned the screw on Rolls-Royce by nearly doubling its stake in the struggling aircraft engine maker to 10%. California-based ValueAct has been pushing for change at Rolls-Royce since acquiring a 5.4% stake in the group in August. It wants the engineer to sell off its marine business to focus on producing engines for passenger planes.
US Hedge Fund Doubles Stake In Rolls-Royce
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