Reported 8 months ago
Activist investor Starboard Value has acquired a $500 million stake in Autodesk, with plans for potential board changes following an internal probe into accounting questions. The move by Starboard Value is being closely watched as they push for a board shake-up, criticizing Autodesk for the timing of disclosing the probe. Despite Autodesk's confidence in their direction, shares are climbing on the news, highlighting concerns about the software company's performance and handling of the investigation.
Source: YAHOO