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Mednax CEO, board directors replaced amid settlement with Starboard

BOSTON (Reuters) – Healthcare services company Mednax’s (MD.N) stock price closed up nearly 4% on Monday after its founder and chief executive and several board members were replaced, half a year after activist investor Starboard Value began pressing for chang... More »

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Starboard nominates four to eBay’s board, wants outsider as CEO

(Reuters) – Activist investor Starboard Value is pressuring eBay for the second time in two years and said on Thursday that it plans to install four directors on the e-commerce company’s 14-member board. The hedge fund, which last year helped fill one board se... More »

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Starboard takes new position in KAR Auction Services

NEW YORK (Reuters) – Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday. He called the company’s valuation “compelling” at the 13D Monitor Active-Passive S... More »

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Starboard Value co-founder Mark Mitchell retires from firm

NEW YORK (Reuters) – Mark Mitchell, the co-founder of Starboard Value LP who helped turn it into one of Wall Street’s most high-profile activist hedge funds, retired from the New York-based firm earlier this month, people familiar with the matter said on Frida... More »

Starboard launches proxy fight to remove entire Yahoo board

Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc (YHOO.O), including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm. Starboard, which has been ... More »

Starboard’s Smith sees ‘a lot of opportunity’ in Yahoo

BOSTON Activist hedge fund manager Jeffrey Smith, who has publicly criticized Yahoo Inc Chief Executive Officer Marissa Mayer, said on Friday he sees “a lot of opportunity” in the company. Smith’s Starboard Value has threatened to run a proxy contest raising p... More »