Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors.
Engaged has had great success as an activist, but almost all that success has come at small-cap companies.
VF Corp. was in desperate need of a new CEO, and they got one.
Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet.
After adding up all the pieces, Engaged sees a path to a $46 share price within three years.
Persons:
Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire
Organizations:
Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D