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Engine Capital Sends Letter to Avantor's Board of Directors Regarding Opportunities to Improve Governance and Unlock Shareholder Value

1. Engine Capital, with 3% stake, pushes Avantor to improve shareholder value.

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FAQ

Why Bullish?

Engine Capital's involvement suggests potential for significant strategic changes, similar to past value unlocks. Historical instances show activist investors often correlate with improved stock performance.

How important is it?

Engine's active role indicates potential positive shifts in company strategy, which could enhance stock performance.

Why Short Term?

The immediate push from Engine may lead to rapid changes or strategic proposals that could quickly influence stock valuations, mirroring past instances of activist interventions.

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AVTR
NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 3% of the outstanding shares of Avantor, Inc. (NYSE: AVTR) (“Avantor” or the “Company”), today sent a letter to the Company's Board of Directors outlining several opportunities to close Avantor's significant valuation gap and unlock value for shareholders. The letter can be viewed and downloaded here. About Engine Capital Engine Capital LP is a value-oriented special situation.

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