Activist Starboard amasses Autodesk stake, weighs suit over delayed probe disclosure
ADSKAutodesk(ADSK) CNBC·2024-06-17 09:42

Starboard Value, the activist fund run by Jeff Smith, has taken a sizable stake in graphics-design firm Autodesk and has spoken with the company's board in recent weeks over a number of serious concerns involving its disclosures around an internal investigation that led to the ouster of its chief financial officer. Starboard's stake is valued at roughly $500 million, according to people familiar with the matter. The activist, which has a long track record of investing in the technology sector, is particular ...