Earlier this week, Enhabit Inc. (NYSE: EHAB) stock tumbled after the company entered into a limited waiver agreement with Wells Fargo Bank (NYSE: WFC). After stock fell to an all-time low, close to $8 per share, AREX Capital Management – which owns about 4.7% of the company’s common shares – wrote an open letter Thursday criticizing Enhabit’s communication and urging a sale. A New York-based hedge fund, AREX Capital first wrote an open letter to Enhabit’s board back in June, one that suggested the company should explore a sale. In August, Enhabit officially launched a strategic review process.
Read the full article: Enhabit Investor Calls Sale ‘Only Acceptable Outcome’ of Strategic Review //
Source: https://homehealthcarenews.com/2023/10/enhabit-investor-calls-sale-only-acceptable-outcome-of-strategic-review