Starboard Says Dual-Class Structure Hurts News Corp's Valuation, Calls For Elimination
Portfolio Pulse from Lekha Gupta
Starboard Value LP, the largest shareholder of News Corporation (NASDAQ:NWS), criticizes the company's dual-class share structure, arguing it negatively impacts valuation and governance. A proposal to eliminate this structure will be discussed at the 2024 Annual Meeting.
September 10, 2024 | 5:22 pm
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Starboard Value LP criticizes News Corp's dual-class share structure, arguing it negatively impacts valuation and governance. A proposal to eliminate this structure will be discussed at the 2024 Annual Meeting.
Starboard Value LP's criticism of News Corp's dual-class structure suggests potential governance issues and valuation concerns, which could negatively impact investor sentiment. The upcoming proposal to eliminate this structure adds uncertainty, potentially affecting short-term stock performance.
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