By Davit Kirakosyan

Investing.com — Wall Road applauded an activist investor’s contemporary stake in Nordstrom, and right here’s the complete record of the newest head-turning dispatches you might have missed this previous week on InvestingPro. Join rapid-fire, complete protection of all crucial M&A information.

Ryan Cohen takes a giant stake in Nordstrom

Nordstrom (NYSE:) shares surged on information that Ryan Cohen, billionaire and activist investor, is constructing a “sizeable” funding within the firm and pushing for board modifications, in accordance with the Wall Road Journal. The investor goals to deal with the 75% decline in shares from their all-time excessive in 2015 by speaking to administration about refreshing the board, which might result in cost-cutting measures to offset falling gross sales.

The investor is especially concentrating on former Mattress Bathtub & Past (NASDAQ:) CEO Mark Tritton, who chairs the compensation committee, and views him as “conflicted and unqualified.”

Nordstrom acknowledged it’s open to listening to Cohen’s views however will make selections in the very best pursuits of the corporate and shareholders.

Shares closed greater than 43% greater for the week.

Rapid7 in talks with potential patrons

Rapid7 (NASDAQ:) shares jumped on information that the corporate is exploring choices, together with a possible sale following acquisition curiosity, as reported by Reuters on Wednesday. Sources conversant in the matter acknowledged that Rapid7 is working with Goldman Sachs as personal fairness corporations have approached the corporate for a possible acquisition. Nonetheless, the discussions are nonetheless within the early levels and no deal is confirmed but.

Shares closed greater than 27% greater this week.

Atlas Technical Consultants to be acquired for $1.05 billion

Atlas Technical Consultants (NASDAQ:) shares jumped 121% on Tuesday following the acquisition announcement by personal funding agency GI Companions for $12.25 per share in an all-cash transaction valued at roughly $1.05 billion, together with excellent debt.

Rounding out the week’s largest M&A information

Alerislife Inc (NASDAQ:) shares climbed 60% on Friday after the announcement that ABP Acquisition LLC will purchase all excellent shares for $1.31 every, totaling $43.8 million. ABP is majority owned and managed by Adam Portnoy, a Managing Director and Chair of AlerisLife’s Board of Administrators.

Focus Monetary Companions (NASDAQ:) shares gained greater than 8% on Thursday after it was introduced that Clayton, Dubilier & Rice, LLC, a personal funding agency, proposed to amass Focus for $53 per share in money.

Shares of Mercury Programs (NASDAQ:) jumped following experiences of a possible takeover by Creation Worldwide-backed UK protection firm, Cobham. Cobham’s Chairman, Shonnel Malani, confirmed that the corporate is contemplating buying Mercury Programs, in an interview with Bloomberg. Shares gained greater than 9% this week.

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