TOMS Capital urges Voya Financial board to engage with takeover interest

TOMS Capital Investment Management, which describes itself as one of the largest shareholders of Voya Financial, Inc. (NYSE: VOYA), issued a statement calling on Voya's board to engage with potential acquirers following media reports of takeover interest in the company.

In the statement, TOMS Capital said Voya's board "must fulfill its fiduciary duty under Delaware law by engaging constructively with any and all interested parties to maximize value for shareholders."

The press release did not identify the parties reported to have expressed takeover interest, nor did it disclose the size of TOMS Capital's stake in Voya.

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