Warning! The End of Ark Invest? (Hostile Takeover in Progress)
November 15, 2020
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10:50Now PlayingWarning! The End of Ark Invest? (Hostile Takeover in Progress)
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as posted by the channelResolute Investment Managers, announced on October 29 that is plans to take controlling stake in Cathie Wood's ARK Invest. Resolute Investment Managers took a minority holding in ARK in 2016, with an option to buy a controlling stake in 2021. Now, they seem to be interested in using that option to perform a hostile takeover of Ark Invest. Cathie Wood said it is very ‘disappointed’ by Resolute move to ‘seize control’ of ARK. Wood, the founder, CEO, and CIO of ARK released a statement making it clear that she does not want Resolute as a majority owner of her business.
This is strictly my opinion, so do your own research and make up your own mind.
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