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BNZL Bunzl News Story

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UK's Bunzl gains after report says activist Elliott builds stake

BUZZ-UK's Bunzl gains after report says activist Elliott builds stake

** Shares of supplies distributor Bunzl BNZL.L up 2.8% at 2,610p

** Activist investor Elliott takes almost 5% stake in Bunzl, Bloomberg reports

** Elliott urges co to repurchase shares of up to 10% of market cap and conduct strategic review of North American business

** Elliott and Bunzl did not immediately respond to Reuters' request for comment on the report

** In 2026, stock has gained about 25.7%


(Reporting by Judes Joseph in Bengaluru)

((judes.joseph@thomsonreuters.com;))

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