All articles tagged with #strategic changes
Originally Published 4 months ago — by PR Newswire
International Paper announced strategic changes including selling its Global Cellulose Fibers business for $1.5 billion, investing $250 million in the Riverdale mill, and closing several mills in Georgia, aiming to improve cost efficiency and focus on sustainable packaging solutions.
Originally Published 2 years ago — by Reuters.com
Elliott Investment Management has taken a position in NRG Energy for the second time in six years and is calling for a boardroom overhaul and strategic changes at the US power company. The activist investor wants NRG to appoint five new independent board members and unwind its recent acquisition of home security firm Vivint Smart Home. Elliott is asking NRG to implement cost cuts worth $500m and is pushing for a strategic review to help the company refocus on its core business of supplying power.