Activist Investor Builds KBR Stake
The Wall Street Journal|December 20, 2024
Activist investor Irenic Capital Management has built a stake in government contractor KBR and plans to push the company to separate its segment that serves the private sector, people familiar with the matter said.
BEN GLICKMAN
Activist Investor Builds KBR Stake

KBR, based in Houston, has a market value of over $7 billion. Irenic has accumulated a more than 1% stake in the company and plans to push management to spin off or sell its sustainable technology solutions segment, the people said.

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