A Weekly Update on Special Situations
Nomad Foods' $NOMD co-chairmen and founders disclosed in a 13D filing that they are evaluating strategic alternatives.
Rackspace Technology $RXT announced a review of strategic alternatives; received inbound interest for one of their businesses.
Ryder $R received a takeover proposal from HG Vora which also disclosed a 10% stake.
Zendesk $ZEN continued chatter regarding a takeover.
International Seaways $INSW 17% shareholder Seatankers Group sent a letter to the board.
MiMedx Group $MDXG shareholder Prescience Point Capital sent an open letter to shareholders expressing concern with management and governance.
Aramark $ARMK announced a plan to spin-off its uniform services business.
Robinhood Markets $HOOD Sam Bankman-Fried (owner of FTX Exchange) disclosed 8% stake in a 13D filing.
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$ARMK is the primary vending sponsors at the stadiums and other venues near me. I think it makes sense to spin off the uniform business and focus on the vending and concessions core.
Is there any information on when the spin-off will be?