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.
Bloomberg Businessweek: Starboard Takes Stake in Pfizer
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.
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.
Pfizer CEO Bourla To Meet Activist Investor Starboard, Report Says
KEY TAKEAWAYS Pfizer CEO Albert Bourla reportedly is planning to meet with Starboard Value after the activist investor took a $1 billion stake in the struggling drugmaker.Bourla and at least one other director will hold discussions with Starboard next week,
As a Billionaire Activist Takes a Stake, Is Now the Time to Buy Pfizer Stock?
Shares of Pfizer (PFE -0.07%) have been stuck in the mud since December 2022, with its shares down more than 45% over that stretch. Despite its underwhelming performance, many ind
Healthy Returns: What activist Starboard's $1 billion stake means for Pfizer
Starboard has a roughly $1 billion stake in the drugmaker and approached former Pfizer CEO Ian Read and ex-CFO FrankD'Amelio, both of whom expressed interest in supporting the act
Pfizer Receives $1 Billion From Starboard Value, Stock Rises
Shares of Pfizer PFE rose 2.17% on Oct. 7 after a report from The Wall Street Journal stated that activist investor Starboard Value has taken a roughly $1 billion stake in the company. Investors cheered the news on hopes of a plausible turnaround with this investment.
Activist Investor Starboard Takes $1 Billion Stake In Pfizer As The Pharmaceutical Faces...
Activist investor Starboard Value has acquired a $1 billion stake in Pfizer, aiming to lead a turnaround for the pharmaceutical company. Starboard has reportedly approached former Pfizer executives Ian Read and Frank D’Amelio to assist.
Why Pfizer Stock Popped on Monday
Pfizer ( PFE 3.18%) stock jumped 3.1% through 11:20 a.m. ET Monday morning in response to a Wall Street Journal article over ...
pharmaphorum6y
Pfizer's Read resists merger pressure
Pfizer’s CEO Ian Read is resisting investor pressure to mastermind the next pharma mega-merger, saying that the company will be best served by investing in its drug pipeline. As the company has ...
Starboard Value’s $1 billion move: will Pfizer see a much-needed revival?
Once a top-performing stock thanks to its role in developing the first Covid-19 vaccine, Pfizer has seen its share price drop by nearly half from its 2021 peak.
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Watch These Pfizer Price Levels as Stock Gains After Report of Starboard Taking Stake
Pfizer shares have gained ground since a report over the weekend said that activist investor Starboard Value has taken a roughly $1 billion stake in the drug maker and is pushing for changes. Monitor ...