Corvex Management Goes Activist on ForeScout Technologies | Value Investing News

Corvex Management Goes Activist on ForeScout Technologies

  • Per the filing, Corvex now owns 7.2% of ForeScout with over 3.34 million shares.
  • The 13D also contains information about their new activist stance: "After the close of business on October 18, 2019, the Corvex Persons agreed with the Jericho Persons to work together to engage with the Issuer and its management regarding its business and prospects.
  • The Corvex Persons and the Jericho Persons believe that combining their complementary expertise, skill sets and perspectives will be beneficial in discussions with the Issuer.
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