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Activist Investor Starboard Takes $1 Billion Stake In Pfizer

CNBC on MSN · 2d

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.

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.

Pfizer CEO Bourla to meet with activist investor Starboard Value on turnaround pitch: FT

With Pfizer’s revenue and share price slumping after the drugmaker skyrocketed to new heights during the pandemic, the ...

2don MSN

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 ...

2d

Wall Street Breakfast Podcast: Starboard Takes $1B Stake In Pfizer

Activist Starboard takes $1B stake in Pfizer - report. Rio Tinto makes takeover approach to Arcadium Lithium. ‘Joker’ sequel ...

Business Times2d

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 ...

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