Ericsson shares highest for months following activist investor stake

Activist investor group Cevian Capital has acquired a 5.6% stake in struggling networking company Ericsson, resulting in a share price spike to the highest level for seven months.
Cevian describes itself as ‘an active ownership investment firm’, and has apparently acquired a significant minority stake in Ericsson in the hope of positively influencing the direction on the company. One immediate consequence is that Cevian co-Founder Christer Gardell now has a place on the nomination co