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Investor Ides Capital pushes Monro (MNRO) for formal strategic review

  • July 15, 2022


StockMonro, Inc.SymbolMNRO
Date Announced07/14/2022Source Reuters
TypeCompany Seeking Strategic Alternatives

Hedge fund Ides Capital asked U.S. car service and tire center operator Monro Inc (MNRO) to pressure its controlling shareholder to drop a veto to a sale of the company. In a letter to Monro, Dianne McKeever, Ides co-founder and chief investment officer, said she was “aware” that potential buyers of the company had been rebuffed.

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