Key Summary: On October 4, 2024, Oaktree Capital Group Holdings (7%) intends to meet with the Board and management to explore strategies for increasing shareholder value, including capital allocation, structural adjustments, and potential sale options. On September 22, 2023, Two Seas Capital (10%) discussed joining the Board with CEO Mark Crossley but decided against the appointment. They continue discussions with management and the Board to enhance shareholder value and improve corporate governance. Market Cap: $1.4 billion | Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders.
On September 22, 2023, Two Seas Capital (10%) discussed the possibility of joining the Board with Mark Crossley, the CEO of the company. However, it was decided not to proceed with this appointment. Two Seas Capital has ongoing discussions with the management and Board regarding their investment and may explore options to maximize shareholder value and improve corporate governance. Source
On October 4, 2024, Oaktree Capital Group Holdings (7%) plans to discuss with the Board and management ways to increase shareholder value, focusing on capital allocation, capital structure adjustments, and exploring strategic alternatives, potentially including a sale of the company. Source
On November 6, 2024, Oaktree Capital Group Holdings expressed concerns to the board regarding the company's poor performance over the past year and a more than 50% drop in stock price. They cited strategic and communication failures, particularly regarding competition for the core product Sublocade and guidance reductions, which heightened investor worries about the board's accountability. Oaktree urged immediate action to address these issues and called for board refreshment with directors committed to improving shareholder value, while expressing a willingness to work constructively with the board, noting that shareholders would support necessary changes. Source
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