Morning Brief: Canyon Takes Activist Position in Navient Corp.

April 06, 2018   Stephen Taub

The multistrategy hedge fund firm plans to discuss potential board nominees with the student loan servicer.

Canyon Capital Advisors is going activist on Navient Corporation, the servicer of student loans. In a new 13D filing, the credit-driven multistrategy firm said it boosted its stake in the company to 7.8 percent and plans to discuss potential board …


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