An activist investor is coming back for a second serving of nutrition and weight-loss company Medifast Inc. Activist investor Engaged Capital LLC has taken a large position in the company—its second time targeting Medifast—with plans to push for change, including operational fixes, board structure and alternatives that can close the gap between what Engaged believes Medifast’s stock should be worth and where it is currently trading.

Source: Wall Street Journal November 18, 2019 00:00 UTC