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Activist Investor Starboard Takes $1 Billion Stake In Pfizer
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.
Former Pfizer executives pull out of activist investor Starboard’s campaign
The reversal marks a twist in an unusual corporate clash. While activists occasionally team up with major shareholders, such as when Nelson Peltz joined former Marvel executive Isaac Perlmutter in a campaign for change at Disney, it is rare for longtime company executives to support hostile shareholders.
Activist investor Starboard Value takes $1 bln stake in Pfizer, sources say
Activist investor Starboard Value has taken a stake of about $1 billion in Pfizer and wants the U.S. drug giant to make changes to turn its performance around, sources familiar with the matter said on Sunday.
6h
on MSN
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 ...
pharmaphorum
2h
Ex-Pfizer leaders side with firm against activist investor
Pfizer's ex-chair and chief executive Ian Read and Frank D'Amelio – previously the drugmaker's finance chief – have issued a ...
6h
on MSN
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 ...
7h
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, ...
11h
on MSN
Why Pfizer Stock Popped Today
Pfizer ( PFE 3.46%) was a stock on the move Wednesday, and not because of any news generated by the healthcare company.
4h
Ex Pfizer CEO, CFO not to involve in Starboard's campaign on drugmaker
Pfizer's shares have fallen more than 9% in the past year and trade at around half of their pandemic-era highs as sales of ...
22h
What's Happening With Pfizer Stock?
Looking at a slightly longer term, the performance of PFE stock with respect to the index has been quite volatile in recent ...
1d
on MSN
Watch These Pfizer Price Levels as Stock Gains After Report of Starboard Taking Stake
Key Takeaways Pfizer shares have gained ground since a report over the weekend said that activist investor Starboard Value ...
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