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Teton Capital takes stake in Atlantic Union, urges for changes, Bloomberg says
Teton Capital takes stake in Atlantic Union, urges for changes, Bloomberg says

Business Insider

time3 days ago

  • Business
  • Business Insider

Teton Capital takes stake in Atlantic Union, urges for changes, Bloomberg says

Teton Capital, David Sokol's investment fund, has acquired a stake in Atlantic Union Bankshares (AUB) and is urging the lender to weigh cutting costs, shrinking its board, and revamping its execution compensation, Bloomberg's Crystal Tse reports, citing people familiar with the matter. The fund holds a less than 5% interest in the regional bank, the author notes. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

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