Blue Harbour Group LP has built a roughly 6.2% position in Adient PLC, making the activist investor one of the automotive-seat supplier’s biggest shareholders less than a year after it was spun into a stand-alone company. Blue Harbour’s investment, its biggest bet ever at about $410 million, is based on a thesis that Adient can dramatically improve its margins, boost share buybacks and rework its network of joint ventures in China, Blue Harbour partner Peter Carlin said in an interview. Mr. Carlin believes management is...

Source: Wall Street Journal September 15, 2017 18:33 UTC