Deals
The World’s Most Feared Activist Investor Is Targeting Europe
- Paul Singer’s activist fund adds engineering, health care
- Activist typically targets underperforming assets for change
Singer Said to Build Stake in Smith & Nephew
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Activist investor Paul Singer, whose campaigns in the past year have taken him from Australia to South Korea, is focusing on Europe with efforts aimed at German engineering firm GEA Group AG and British medical-device maker Smith & Nephew Plc.
Singer built a stake of just over 3 percent in GEA Group AG, the German engineering firm said in a statement after trading hours Tuesday, adding to holdings that have routinely prompted clashes with management over strategy.