Activist investor Starboard Value wants payments firm ACI Worldwide to put itself up for sale. Starboard is a significant shareholder with a 9 percent stake in ACI, which means that its letter released on Wednesday (Dec. 2) urging a deal is likely to get at least...
Activist investor Starboard Value already has 10.5 million shares — a 9 percent stake — in payments giant ACI Worldwide but is now eyeing the company for a potential takeover, according to a Reuters report on Thursday (Oct. 22). Jeffrey Smith, the hedge fund’s founder,...
Starboard Value, an activist investor, said it has nominated four new directors to eBay’s board, and has asked the company to search for external candidates to fill its CEO job, according to Reuters. Starboard’s Portfolio Manager Peter Feld said the current board had trouble making...
Apparently it’s a bad day when Starboard Value sends you a letter. The activist investor group is well known for impatience and the dramatic demands it makes to the companies it invests in. In fact, Starboard Chairman Jeff Smith was named the “investor CEOs fear...
January 23, 2022
There’s been a bid to buy Kohl’s for $9 billion from a group backed by Starboard Value LP, The Wall Street Journal (WSJ) reported Friday (Jan. 21). The group is led by Acacia Research, which is controlled by Starboard. Per the WSJ, the group offered to buy the department store chain for $64 a share, […]
October 23, 2020
Activist investor Starboard Value already has 10.5 million shares — a 9 percent stake — in payments giant ACI Worldwide but is now eyeing the company for a potential takeover,...
March 19, 2020
Starboard Value, an activist investor, said it has nominated four new directors to eBay’s board, and has asked the company to search for external candidates to fill its CEO job,...
