Activist wants Legoland owner to find a buyer

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U.S. activist hedge fund ValueAct Capital on Thursday released a public letter recommending Merlin Entertainments PLC (MERL.LN) seek a private buyer. San Francisco-based ValueAct said it has a 9.3% stake in London-listed Merlin, which operates attractions including the Legoland parks franchise. The activist said it backed Merlin's management and long-term plans but noted its struggling share price.

 

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