Aug. 17 at 1:10 PM
$SU Elliott cut its SU stake by ~44% (-23.2mm shares), while RBC added a similar amount (+22.4mm
shares; now owns 9.2%). ~4.5 years after targeting a struggling company, Elliott is harvesting
the results. Board renewal, leadership change, a Rich Kruger-led turnaround, and a much
deeper management bench have transformed SU. This suggests its activist campaign
may be entering its final chapter.
