Engine Capital takes a stake in Avantor. Activist sees several ways to create value
1. Engine Capital urges Avantor to enhance commercial and operational excellence. 2. Avantor's leadership has undergone significant turnover and dysfunction, impacting performance. 3. Engine suggests stock repurchases and cost-cutting as key strategies for improvement. 4. The company rejected an acquisition offer at a 20%-35% premium earlier this year. 5. Engine estimates Avantor shares could reach $22-$26 by 2027 with effective changes.