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Starboard Takes $1B Stake In Pfizer
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.
FiercePharma
1h
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 ...
2d
on 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 ...
Zacks.com on MSN
21h
Pfizer Receives $1 Billion From Starboard Value, Stock Rises
PFE obtains $1 billion from activist investor Starboard Value. Stock gains on hopes of a plausible turnaround of the ...
1d
Former Pfizer chief pitches board on Starboard Value’s shake-up plan
Starboard has prepared a pitch deck about its turnaround plans for Pfizer but this has yet to be circulated to the drugmaker’s directors and investors, said two people familiar with the matter. But ...
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 ...
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