Starboard Value
American hedge fund
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August 2023 | Starboard acquired a 5% stake in Bloomin' Brands, a Tampa-based restaurant group owning brands like Outback and Carrabba's. |
October 2022 | Starboard took a 7.4% stake in Vertiv, seeking operational improvements and margin enhancements. |
2020 | Starboard replaced Keith Jackson with Hassane El-Khoury at ON Semi. |
September 2018 | Symantec announced three Starboard nominees would join its board, including Peter Feld. |
August 2018 | Starboard Value disclosed a 5.8% stake in Symantec and nominated five directors to its board. |
December 2017 | Starboard Value purchased a 9.9% stake in Cars.com, considering the company undervalued and potentially salable. |
November 2017 | Starboard Value acquired a 10.7% stake in Mellanox Technologies, an Israeli semiconductor firm, and urged the company to improve its margins. |
2014 | Completed a 12-year period of investment performance, achieving an annualized return of 15.5%. |
October 2014 | Jeff Smith led a successful activist campaign to take control of Darden Restaurants, replacing the entire board of directors while owning less than 10% of the firm. His criticisms included issues with Olive Garden's pasta preparation, which gained significant media attention through a viral HBO segment by John Oliver. |
2011 | Starboard Value became independent from Cowen Group, with Smith, Mitchell, and Feld continuing to lead the firm. |
2011 | Starboard won board seats at SurModics (a biopharmaceuticals company) and Regis (a hair-cutting salon chain). |
December 2011 | Starboard sought board seats at AOL, criticizing CEO Tim Armstrong's management of Patch and Microsoft patent sale proceeds. |
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