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Activist Investor Starboard Value Takes $1B Stake in Pfizer

MarketWatch on MSN · 41m

Pfizer’s bondholders cheer news of activist investor Starboard’s $1 billion investment

Pfizer Inc.’s stock gained Monday after a report that activist investor Starboard Value has invested $1 billion in the drug company. Bondholders seem to like the news too.

Activist investor Starboard Value takes $1 bln 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.

Activist Investor Starboard Carves $1B Stake in Pfizer, Enlists Former CEO for Help

Pfizer in recent months has implemented aggressive cost-cutting measures to help it weather the steep decline in sales of its COVID-19 products.

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Meet Jeff Smith, the hedge-fund investor taking on Pfizer

Since 2011, Starboard Value's Jeff Smith has extracted board seats and profits from corporate America — by force if necessary ...

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Pfizer CEO’s job is at risk. A shot of discipline could help.

As activist Starboard teams up with former Pfizer executives, the pharma giant’s lack of focus is in the spotlight.

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Pfizer Stock Slump: Will Starboard's Billion-Dollar Bet Spark Rebound?

Pfizer's stock has struggled due to declining demand for COVID-19 treatments, but activist investor Starboard's $1 billion ...

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Pfizer Stock Rises After It Gets an Activist. What Starboard’s Track Record With Pharma Tells Us.

Starboard has approached two former Pfizer executives, Ian Read and Frank D’Amelio, to assist in its efforts, and they have ...

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