Starboard reportedly takes $1 billion stake in Pfizer, seeks changes
Pfizer(PFE) MarketWatch·2024-10-07 09:44
Activist investor Starboard Value has taken a $1 billion stake in beleaguered drugmaker Pfizer Inc. and is seeking a turnaround, the Wall Street Journal reported late Sunday.Citing unnamed sources familiar with the matter, the Journal reported Starboard has approached two former Pfizer executives to assist in its efforts, though Starboard’s specific plans were not revealed. ...