American Billionaire Family Steps Up Campaign Against British Industrial Giant [Forbes]
JOHNSON MATTHEY S/ADR (JMPLY)
NASDAQ:AMEX Investor Relations:
matthey.com/investor
Company Research
Source: Forbes
Standard Investments' co-CEOs David Millstone and David Winter are ramping up the pressure on the British industrial giant Johnson Matthey The “two Davids,” as they're sometimes called, issued another open letter on Tuesday that describe Johnson Matthey's recent actions as “wholly insufficient” and failing to address its “many serious issues.” Standard Investments is the largest investor in Johnson Matthey with an 11% stake, and the New York-based firm is concerned over what it describes as the “significant destruction of shareholder value.” The open letter states that there is a “continued lack of urgency and incapacity of the current board to do what is necessary to turn Johnson Matthey around and help it to realize its potential.” Johnson Matt
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