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Fly News Breaks for May 30, 2019
ARMK
May 30, 2019 | 13:36 EDT
Credit Suisse analyst Kevin McVeigh finds the report of potential takeover interest in Aramark unsurprising given the company's recent miscues. He sees multiple value creation levers to drive the stock higher, including uniform rationalization and improved investor communication, and believes the report highlights Aramark's intrinsic value. McVeigh has an Outperform rating on the shares. Aramark is trading up 4% to $34.06 after Reuters reported that Mantle Ridge is looking into creating a consortium with private equity firms and sovereign wealth funds to make a bid for the company.
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