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Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say

Starboard’s stake comes amid a time of struggle at the drugmaker, which has begun to cut costs aggressively as demand for its Covid-19 medicines recedes.

Reuters on MSN · 1d

Activist investor Starboard Value takes $1 billion stake in Pfizer, sources say

Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer and wants the U.S. drug giant to make changes to turn its performance around, sources familiar with the matter said on Sunday.

YAHOO!Finance · 4h

Pfizer Stock Soars as Activist Investor Starboard Takes $1 Billion Stake

Pfizer's (PFE, Financial) stock experienced a boost on Monday, surging by 3 %, following the news that activist investor Starboard Value has acquired a substantial stake in the pharmaceutical giant. The investment,

Pfizer chief Albert Bourla to meet activist investor Starboard

Pfizer chief executive Albert Bourla plans to meet Starboard Value, said people familiar with the matter, as the activist ...

Pfizer CEO plans to meet activist investor Starboard, FT reports

Bourla and Shantanu Narayen, Pfizer's lead independent director and Adobe Systems CEO, will hold talks with Starboard chief ...

Business Times1d

Activist Starboard Value takes US$1 billion stake in Pfizer

Activist investor Starboard Value has taken a stake of about US$1 billion in Pfizer and is seeking to spur a turnaround of ...

Former top Pfizer executives pitch board on Starboard Value’s shake-up plan

Two of Pfizer’s former top executives have pitched at least four of its directors, including chief executive Albert Bourla, on activist investor Starboard Value’s plan for turning around the ...

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