Reported 2 months ago
Activist investor Starboard Value has reportedly acquired a stake in Starbucks, aiming for the coffee company to address its declining stock price. While the size of the investment is undisclosed, Starbucks has faced recent sales challenges, particularly in the U.S. and China. Starboard has not yet communicated any demands to Starbucks, as the company is already in discussions with another activist investor, Elliott Investment Management.
Source: YAHOO