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Barnes Group could be worth double in a sale, says new hedge fund Irenic Capital Management

Barnes Group could be worth double in a sale, says new hedge fund Irenic Capital Management
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Report: Activist investor seeking possible sale of Bristol-based Barnes Group

A new activist hedge fund, Irenic Capital Management, has reportedly built a stake in Bristol-based Barnes Group Inc. and is exploring a possible sale of all or part of the company, Bloomberg reported Friday. Irenic is asking the aerospace manufacturer to make changes to its board of directors and pursue a strategic review, according to the publication.

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