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Hedge Fund Manager Keith Meister Urges Pandora to Consider a Sale

June 9, 2023
in Trade Tube
Reading Time: 1 min read
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Keith Meister’s hedge fund, Corvex Management, disclosed a 10 percent stake in Pandora Media on Tuesday and is urging the company to explore a sale. Possible buyers include Apple , Amazon and CBS Corporation . Pandora shares have lost 21 percent since the start of the year and analysts said the company will remain a takeover target should the stock stay under $14. It currently trades at $10.69. TheStreet’s Scott Gamm speaks with The Deal’s Ron Orol for more analysis.

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