Self-storage firm Big Yellow should consider a sale, says activist investor

Ancora Alternatives, a US-based activist investor holding a four per cent stake, has urged Big Yellow Group to review its operations and consider a sale. The Ohio-based firm suggested the FTSE 250 self-storage provider explore a take-private deal. Following this declaration, shares in Big Yellow experienced a positive reaction on Wednesday, jumping more than five per cent to reach 844p. The investor maintains that the company should evaluate putting itself up for sale to maximise value.