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Delectable Relationship: Starboard Value's Intervention In Darden Restaurants 'Has Been Incredible'
Tuesday, April 14, 2015 - 1:06pm | 433Read More...Shares of Darden Restaurants, Inc. (NYSE: DRI) are up more than 40 percent since October 2014, when the company's shareholders voted in favor of replacing the entire board with directors nominated by the hedge fund Starboard Value LP. Jeffrey Smith, Starboard Value founder, was on CNBC...
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Starboard Issues Another Letter, Imploring Yahoo
Thursday, January 8, 2015 - 4:08pm | 407Read More...Activist hedge fund Starboard Value LP, which owns a significant stake in Yahoo! Inc. (NASDAQ: YHOO) and AOL, Inc. (NYSE: AOL) issued another letter addressing Yahoo’s CEO Marissa Mayer, in which it expressed concerns over recent media reports. These reports highlighted Yahoo's interest...
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Markets Unable To Hold On To Gains As Oil Continues To Plunge
Tuesday, October 14, 2014 - 4:47pm | 2414Read More...U.S. markets ended the day mostly flat after giving up earlier gains. The Dow traded higher by 142 points before ending the day in negative territory. The S&P 500 and Nasdaq indices closed the day almost unchanged. The CBOE Volatility Index fell 7.5 percent to 23.79. Airline stocks traded...
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What Pundits Think Of A Potential AOL, Inc.-Yahoo! Inc. Merger
Sunday, September 28, 2014 - 7:34pm | 728Read More...Merger talk concerning Yahoo! Inc. (NASDAQ: YHOO) and AOL, Inc. (NYSE: AOL) is nothing new, and last week, a new spin on the situation began to circulate. Starboard Value, an activist hedge fund headed by Jeffrey Smith, recommended that the company join forces with AOL in a letter...
