Icahn Bets on Monro Turnaround

Billionaire investor Carl Icahn has taken a significant stake in Monro, the struggling auto repair giant, sending its stock soaring. Icahn, known for turning around undervalued companies, plans to help Monro cut costs and improve performance, following a trend of declining sales and store closures. With Monro set to finalize its dual-class structure, all eyes are on Icahns influence and how he will help make the business roadworthy for investors again. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.