QuidMetrics

Big Yellow reviews sale options after activist investor pressure

The self-storage firm is keeping all options under review after its largest shareholder urged it to explore a sale.

Big Yellow has told shareholders it is reviewing all options following pressure from its biggest investor. Ancora Alternatives, an Ohio-based activist investor, has encouraged the FTSE 250 group to explore putting itself up for sale. The company said it recently met with the shareholder to discuss the matter.

The move highlights growing investor activism among FTSE 250 companies, as activist firms push listed businesses to consider strategic alternatives and changes.