Corvex Management secured a Board seat in Vestis Corp (VSTS)

Key Summary: On June 18, 2024, the company entered into a letter agreement with Corvex Management and pursuant to it, Corvex Management secured a Board seat.

Market Cap: $1.5 billion | Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada.

On June 18, 2024, the company entered into a letter agreement with Corvex Management (12.9%) and pursuant to it, the Board appointed Keith Meister, Corvex Management, as a director on the Board. Source