Activist investor Toms Capital Investment Management has called on Voya Financial to evaluate a range of strategic options, including a potential sale of the company, arguing that the insurer and asset manager continues to trade below the valuation levels of comparable firms, according to a report by Reuters.
In a letter sent to Voya’s board, the hedge fund – one of the company’s largest shareholders – said the firm’s share price discount reflects what it described as inconsistent strategic exec...
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