Irenic Capital Management has built a sizable stake in Ralliant and wants the precision technology maker to cut costs, buy back more stock at a faster pace and focus more on its defense and electronics business, two sources familiar with the matter said.
Irenic owns roughly 2% of Ralliant and has met with management numerous times to discuss possible changes to help the $4.7 billion company perform better, according to the sources who are not permitted to discuss the private talks.
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Source: Reuters | Published: 2026-02-24T13:34:11Z
Credit: Reuters
