Engine Capital takes a stake in Avantor. Activist sees several ways to create value

1. Engine Capital urges Avantor to focus on operational excellence and cost reduction. 2. Avantor's share price has fallen significantly over the last several years. 3. Engine believes a leadership change is crucial for Avantor's recovery. 4. A new CEO and $400 million cost-cutting plan have been initiated. 5. Engine suggests Avantor could be valued between $22-$26 per share by 2027.