BUZZ-WillScot up after report activist TOMS building stake in co

Reuters

2024/11/06

** Modular space and mobile storage leasing company WillScot's shares rise 7.8% to $40.8 after the bell

** "Activist investor TOMS Capital Investment Management has built a stake in WillScot, people with knowledge of the matter said" — Bloomberg report

** The report said that TOMS is pushing WSC to consider launching a strategic review, but size of its investment couldn't immediately be learned

** In September, WillScot terminated its pursuit to acquire McGrath RentCorp after facing challenges from the U.S. FTC

** As of last close, stock had fallen ~15% YTD

(Reporting by Aatreyee Dasgupta)

((Aatreyee.Dasgupta@thomsonreuters.com))

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