Twilio Targeted by Activist Anson

Activist investor Anson Funds has been busy! This team recently acquired a stake in enterprise software company, Twilio Inc (TWLO), and is now pushing for the sale of the company. This activity - as with most activist investor ventures - is affecting the share price of its target. Twilio's stock price, which had fallen below 2021 highs, has been rising.

This is all very recent, as Anson did not have any stake in Twilio at the end of Q2|23, but now owns about $50M of the company's shares.

This story is more proof that activist activity is leading the way for event-driven investing this year and at this pace, it's likely activism will be doing the same in 2024.

Subscribe for event-driven investment news and to stay up-to-date on stories like this one.

#activism