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PrimeStone builds stake in Tennant, presses for merger with rival Nilfisk (update*)

By James Pressley and Andrew Boyce ( December 13, 2017, 14:12 GMT | Insight) -- London hedge fund PrimeStone Capital has built minority stakes in cleaning-equipment makers Tennant and Nilfisk Holding and is urging the two rivals to merge. PrimeStone disclosed in a US securities filing that it had amassed a 5.2 percent stake in Tennant and already held more than 5 percent of Nilfisk.N.B. This article was prepared for an upcoming MLex news service covering activist investments. To express interest in a trial, contact customerservices@mlex.com . ...

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