Shares of VF Rise as Activist Investor Engaged Capital Gains Founding Family’s Support
VF, the owner of popular brands such as Vans and Timberland, saw its stock surge by 12% to $17.11 on Monday following news that activist investor Engaged Capital had garnered the support of the company’s founding family. This comes after Engaged Capital had been pushing for a shakeup in the board and various changes within the company.
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