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Big Yellow jumps as activist investor calls for sale


By Goran Nastic

Shares of FTSE 250 self storage operator Big Yellow Group rose more than 5% on Wednesday after activist investor Ancora Holdings Group urged the company to explore a sale, arguing that its shares significantly undervalue the business.

Ancora, which holds a stake of more than 4%, called on Big Yellow's board to launch a comprehensive strategic review and solicit offers from potential strategic and private equity buyers


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