The investor may have a point, among other things JM could have been at the center of the European battery metals universe.
But it's not.
From CityAM, January 7:
Johnson Matthey’s largest shareholder has piled pressure on the FTSE 250 chemicals group, calling its response to a demanded strategic review “wholly insufficient”.
In an open letter to Johnson Matthey chair Patrick Thomas, today, US venture capital firm Standard Investments slammed the group’s “destruction of shareholder value” as part of its activist campaign.
Last month, Standard published an open letter calling for a strategic review of the business, that could include the sale of “part or all” of the company.
Johnson Matthey responded to the venture capital firm privately on Christmas Eve, in a letter which today, Standard decried as “wholly insufficient and does not adequately address the many serious issues that we highlighted”....
....MUCH MORE
