Pfizer CEO Albert Bourla Set To Meet Activist Investor Starboard Value As Pressure Mounts To Revitalize Struggling Stock: Report
Portfolio Pulse from Benzinga Neuro
Pfizer CEO Albert Bourla is set to meet with activist investor Starboard Value, which has built a $1 billion stake in the company, to discuss revitalizing Pfizer's struggling stock. Starboard is pushing for strategic changes and cost cuts, as Pfizer's stock has fallen over 30% in two years.
October 09, 2024 | 2:47 am
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Pfizer is under pressure from activist investor Starboard Value, which has acquired a $1 billion stake. The investor is pushing for strategic changes and cost cuts as Pfizer's stock has fallen over 30% in two years.
Starboard Value's significant investment and push for strategic changes indicate potential positive impact on Pfizer's stock. The involvement of former executives and the focus on cost cuts and strategy could lead to improved investor sentiment.
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