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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