Clean Harbors +8.6% AH as Relational Investors amasses 9% stake

|By:, SA News Editor

Clean Harbors (CLH) +8.6% AH on news that activist hedge fund Relational Investors acquired a ~9% stake in the company.

Relational says CLH’s dominant position in hazardous waste collection, transportation and disposal is severely underappreciated, and urges the company to focus on its core business, buy back stock and pursue asset sales or spinoffs.