'Activist Starboard Value Takes $1 Billion Stake In Pfizer; Drugmaker's Shares Have Slumped As Demand For Covid-19 Vaccines And Treatments Has Slowed' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Activist investor Starboard Value has taken a $1 billion stake in Pfizer, urging the company to make changes to improve its performance. Pfizer's shares have halved since their peak in 2021 due to declining demand for Covid-19 vaccines and treatments.
October 07, 2024 | 5:03 am
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Starboard Value has invested $1 billion in Pfizer, seeking changes to improve the company's performance. Pfizer's shares have significantly declined since their 2021 peak due to reduced demand for Covid-19 products.
Starboard Value's significant investment and push for changes could lead to strategic shifts at Pfizer, potentially boosting investor confidence and share prices. The activist involvement suggests potential for positive change.
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