Home Innovation Purple Innovation and American Equity Stock See Action From Activist Investors

Purple Innovation and American Equity Stock See Action From Activist Investors

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Purple Innovation and American Equity Stock See Action From Activist Investors

These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from Jan. 12 through Jan. 18, 2023. Source: VerityData

Activist Holdings



Purple Innovation


(PRPL)

Coliseum Capital revealed a stake of 40,854,130 shares in the mattress and bedding retailer, nearly 45% of the outstanding stock. Last September, Coliseum made an unsolicited offer to buy all Purple shares that it didn’t own for $4.35 per share in cash. Coliseum and Purple failed to come to an agreement, with the retailer disclosing on Jan. 12 that its special committee rejected the offer.

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