Irenic Capital Management, holding roughly a 2% stake in Ralliant (RAL), is urging the precision technology company to accelerate stock buybacks, reduce costs, and increase focus on its defense and electronics business, according to sources familiar with the private discussions, Reuters’ Svea Herbst-Bayliss reports. Irenic has met with management “numerous” times to discuss potential changes, the sources say. Shares of Ralliant are up nearly 5% to $44.14 in early trading.
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