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Former Pfizer CEO, CFO say they will not be involved in Starboard's campaign against drugmaker

Former Pfizer CEO Ian Read and ex-CFO Frank D'Amelio said they will not be involved with activist investor Starboard Value, which reportedly wants the U.S. drug giant to make changes to turn its performance around.

Business Insider · 4h

Statement From Former Pfizer CEO Ian Read and Former Pfizer CFO Frank D’Amelio Regarding Starboard Value

Guggenheim Securities, LLC is issuing a statement on behalf of former Pfizer CEO Ian Read and former Pfizer CFO Frank D’Amelio: We have decided not to be involved in the efforts of Starboard Value regarding Pfizer.

Bloomberg on MSN · 4h

Pfizer’s Former CEO Won’t Be Involved in Starboard Value Effort

Former Pfizer Inc. executives Ian Read and Frank D’Amelio have decided “not to be involved” in Starboard Value’s activist campaign against the drug company, according to statement released on their behalf late Wednesday.

Reuters on MSN · 4h

Former Pfizer executives not involved in Starboard's campaign against drugmaker

Pfizer's former CEO and Chair Ian Read and ex-CFO Frank D'Amelio said in a statement that they will not be involved with activist investor Starboard Value, which wants the U.S. drug giant to make changes to turn its performance around.

Business Insider · 3h

Former Pfizer Executives Ian Read And Frank D'Amelio Decline Involvement With Starboard's Efforts

Guggenheim Securities, LLC has issued a statement on behalf of former Pfizer Chief Executive Officer Ian Read and former Chief

NBC New York · 5h

Former Pfizer CEO, finance chief step back from Starboard's activist campaign

The about face comes as the board grapples with the activist’s efforts, and just days before Starboard’s Jeff Smith was slated to meet with the CEO, sources said.

Investing.com on MSN · 13h

Pfizer gains as CEO said to meet activist Starboard

Pfizer Inc. (NYSE:PFE) shares rose more than 3% on Wednesday following reports that CEO Albert Bourla is scheduled to meet with executives from activist hedge fund Starboard Value next week. The news reported by the

4hon MSN

Former Pfizer Executives Ian Read And Frank D'Amelio Support Albert Bourla's Leadership Amid Starboard Activism: 'Will Deliver Shareholder Value'

CEO Ian Read and ex-CFO Frank D’Amelio have decided to distance themselves from the activist campaign led by Starboard Value ...

3don MSN

Activist Starboard Value has $1 billion Pfizer stake, taps former executives for help, sources say

Starboard’s stake comes amid a time of struggle at the drugmaker, which has begun to cut costs aggressively as demand for its ...

2don MSN

Why Pfizer Stock Popped on Monday

Pfizer ( PFE 3.18%) stock jumped 3.1% through 11:20 a.m. ET Monday morning in response to a Wall Street Journal article over ...

pharmaphorum6y

Pfizer's Read resists merger pressure

Pfizer’s CEO Ian Read is resisting investor pressure to mastermind the next pharma mega-merger, saying that the company will be best served by investing in its drug pipeline. As the company has ...

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Starboard Value’s $1 billion move: will Pfizer see a much-needed revival?

Once a top-performing stock thanks to its role in developing the first Covid-19 vaccine, Pfizer has seen its share price drop by nearly half from its 2021 peak.

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As a Billionaire Activist Takes a Stake, Is Now the Time to Buy Pfizer Stock?

While Pfizer has made a number of acquisitions, its biggest bet is on Seagen. Pfizer wants this to be a transformative acquisition, and it projects Seagen to contribute $10 billion in sales by 2030.

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DPR Ian Read His Thirst Tweets, And Oh My Goodness, It Was Hilarious

The tweets were some of the most feral we've seen, but of course, DPR Ian had some fun with it. We counted, and by the end, his knee slapping and "goodness" reactions were at 16 and 15 ...