Stocks in play: Kinaxis Inc.
Reported that Daventry Group, LP, which together with its affiliates beneficially owns or controls approximately 1.4% of the outstanding stock of Kinaxis today sent a letter to the Company's Board of Directors highlighting the urgent need for the Board to explore a sale of the Company to maximize shareholder returns and minimize execution risk following the abrupt departures of its Chief Executive Officer John Sicard and Chief Sales Officer Claire Rychlewski. Kinaxis Inc. shares T.KXS are trading up $2.11 at $146.76.
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