Reported 2 days ago
Pfizer Inc. (PFE) is highlighted as one of Jeff Smith's top activist targets, with Starboard Value LP amassing a $1 billion stake in the company and pushing for strategic changes due to concerns over its declining market value and management direction. Despite challenges in ousting leadership and affecting board changes, the hedge fund remains active in advocating for improvements as it seeks to address Pfizer's substantial losses since 2019, all while facing the backdrop of a competitive landscape for activist funds.
Source: YAHOO