BN 08/01 01:20 Rolls-Royce Activist ValueAct Said Lured by Air-Engine Services
Rolls-Royce Activist ValueAct Said Lured by Air-Engine Services
2015-08-01 01:42:54.656 GMT
By Benjamin Katz and Beth Jinks
(Bloomberg) -- ValueAct Capital Management, activist fund
that amassed 5.4% of Rolls-Royce, sees substantial profit growth
potential led by aircraft-engine servicing, people familiar with
initial discussions say.
* New CEO Warren East positioning to grow aftermarket revenue
through its long-term TotalCare jet engine maintenance
contracts
To contact the reporters on this story:
Benjamin Katz in London at +44-20-3525-9670 or
bkatz38@bloomberg.net;
Beth Jinks in San Francisco at +1-415-617-7141 or
bjinks1@bloomberg.net
To contact the editors responsible for this story:
Jeffrey McCracken at +1-212-617-8517 or
jmccracken3@bloomberg.net
Elizabeth Wollman, Peter J. Brennan
2015-08-01 01:42:54.656 GMT
By Benjamin Katz and Beth Jinks
(Bloomberg) -- ValueAct Capital Management, activist fund
that amassed 5.4% of Rolls-Royce, sees substantial profit growth
potential led by aircraft-engine servicing, people familiar with
initial discussions say.
* New CEO Warren East positioning to grow aftermarket revenue
through its long-term TotalCare jet engine maintenance
contracts
To contact the reporters on this story:
Benjamin Katz in London at +44-20-3525-9670 or
bkatz38@bloomberg.net;
Beth Jinks in San Francisco at +1-415-617-7141 or
bjinks1@bloomberg.net
To contact the editors responsible for this story:
Jeffrey McCracken at +1-212-617-8517 or
jmccracken3@bloomberg.net
Elizabeth Wollman, Peter J. Brennan