Eastern Bankshares gains on report activist takes stake, pushes for sale (EBC:NASDAQ)

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4 months ago

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M and A text on the phone, which is on the laptop keyboard. Business concept — Volha Barysevich/iStock via Getty Images

Eastern Bankshares (NASDAQ:EBC) rose 3% after a report that activist investor HoldCo Asset Management has taken a stake and is pushing for the company to pursue a sale.

HoldCo, which has built a 3% stake in Eastern Bankshares (NASDAQ: