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2025-01-10 14:21:34
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2025-01-10 14:21:34Event JSON
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"Barington Capital Group, a long-time TriMas investor, is pushing the company to explore strategic alternatives, including the sale of its entire business. The hedge fund argues that hiring a new CEO would delay the review and sales process, and instead wants the board to focus on finding a financial adviser to explore options. Barington has been critical of TriMas' mini-conglomerate structure and has urged the company to divest its aerospace and Arrow Engine units. The company's stock price has lagged over the last five years, and Barington believes that a sale of the company or its individual businesses could boost shareholder value."
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