Activist hedge fund Corvex, founded by Keith Meister, acquires a 12.62% stake in Vestis, aiming to support and create value with the company.
Activist hedge fund Corvex, founded by Keith Meister, acquires a 12.62% stake in Vestis, a uniform rental and workplace supplies provider. Corvex aims to support Vestis' management team in creating value at the company, which is believed to be undervalued. Corvex plans to assist Vestis through improving communication and capital allocation, and is committed to a long-term involvement with the company.
May 18, 2024
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