'Activist Starboard Value Takes Stake In Starbucks; Another Activist Hedge Fund, Elliott Investment Management, Is Already Agitating For Changes At The Coffee Giant' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Activist investor Starboard Value has taken a stake in Starbucks and is pushing for changes to boost the company's stock price. Another activist hedge fund, Elliott Investment Management, is also advocating for changes at Starbucks.
August 09, 2024 | 8:34 pm
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Starboard Value has taken a stake in Starbucks and is advocating for changes to increase the stock price. Elliott Investment Management is also pushing for changes.
The involvement of two activist hedge funds, Starboard Value and Elliott Investment Management, indicates a strong push for changes that could positively impact Starbucks' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100