1. Rolls-Royce Shares Fall as ValueAct Cuts Stake

    Rolls-Royce Shares Fall as ValueAct Cuts Stake

    By Oliver Griffin Shares in Rolls-Royce Holdings PLC (RR.LN) fell Monday after activist investor ValueAct Capital Management LP cut its stake in the company by around 1.5%. ValueAct has sold 1.9 billion of its shares in Rolls-Royce. Shares at 0956 GMT were down 1.6% at 889.40 pence, valuing the 1.5% holding at around 254.1 million pounds ($335.5 million). The activist investor is the largest individual shareholder in Rolls-Royce and continues to hold a 9.5% stake in the company...

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