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Mantle Ridge takes 20 percent stake in Aramark, may seek board changes

( August 16, 2019, 20:32 GMT | Official Statement) -- MLex Summary: Investment fund Mantle Ridge has taken a 20 percent stake in food and facilities services company Aramark and intends to engage in discussions with its board regarding changes to the company's strategy, governance, executive team and board. Mantle Ridge, headed by Paul Hilal, a former executive at activist hedge fund Pershing Square, directly owns 9.8 percent of outstanding shares, and an additional 10.2 percent via derivatives, according to a regulatory filing.Excerpt from SEC filing....

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