Is Infinera Sitting on a Ticking Time Bomb?
Infinera's (NASDAQ: INFN) stock tumbled about 35% over the past month on a triple whammy of bad news: Its first-quarter earnings guidance missed analysts' expectations, it announced a new $200 million debt offering, and the novel coronavirus (COVID-19) pandemic crushed markets worldwide.
However, a new threat recently emerged after Oaktree Capital (NYSE: OAK) disclosed a 13.2% stake in Infinera and pressured the company for seats on its board. Could Oaktree's demands precede a major activist move -- or a big sale?
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Source Fool.com
