ABB shareholders demand rethink on power grids business [Reuters]
Artisan Partners Asset Management Inc. Class A (APAM)
Last artisan partners asset management inc. class a earnings: 4/29 04:01 pm
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Source: Reuters
ABB shareholders demand rethink on power grids business | Reuters 5 Min Read ZURICH, April 17 (Reuters) - ABB faces renewed shareholder demands to break up its sprawling business empire, starting with ditching its struggling power grids division. The power and automation company reports first-quarter figures on Thursday, with investors braced for another tepid performance from power grids — its largest but least profitable division that it decided to keep in 2016. Concerned by weak share performance since then, investors say ABB should simplify operations ranging from industrial plugs and fittings to electric motors for ships and factories. “ABB is too big, it is too complicated and the company would gain significantly by achieving more focus,” said David Samra, portfolio manager at Artisan Partners, ABB’s fifth-largest shareholder with a 1.6 percent stake. “So far we have seen no evidence of an underlying improvement in power grids, nor in the company as a whole,” he told Reuters. Ar
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APAM
News
- Artisan Partners (APAM) Reports 2.9% Decline in April AUM [Yahoo! Finance]Yahoo! Finance
- Artisan Partners Asset Management Inc. Reports April 2024 Assets Under ManagementGlobeNewswire
- Artisan Dislocation Opportunities Fund Achieves Successful Final Close [Yahoo! Finance]Yahoo! Finance
- Artisan Partners Asset Management (NYSE:APAM) Has Announced A Dividend Of $0.61 [Yahoo! Finance]Yahoo! Finance
- Artisan Partners Asset Management Inc. (NYSE:APAM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
APAM
Earnings
- 4/23/24 - Miss
APAM
Sec Filings
- 5/9/24 - Form 8-K
- 4/30/24 - Form 4
- 4/29/24 - Form DEFA14A
- APAM's page on the SEC website