Cvs health has a new activist investor about a year after its merger with the insurance giant aetna. In aol fight, a newcomer activist exerts influence marketwatch. Starboard value lp is a new yorkbased investment adviser with a focused and fundamental approach to investing in publicly traded u. Rapidly create and deploy purposebuilt, aidriven chatbots as virtual agents. In the wake of this progress, aecoms stock is trading near its alltime high. Starboard value lp is a new yorkbased investment adviser with a focused and differentiated fundamental approach to investing in publicly traded u. Progress software to sell noncore assets marketwatch. Starboard value lp starboard value gp llc starboard principal co lp starboard principal co gp llc smith jeffrey c feld peter a. Starboard value lp, together with its affiliates starboard, currently owns approximately 5. New york, may 7, 2012 prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of progress software corporation progress or the company. Use angular, typescript or javascript to build truly native mobile apps for ios and android. In aol fight, a newcomer activist exerts influence. Starboard value delivers letter to ceo and board of.
The views contained in this presentation represent the opinions of starboard value lp as of the date hereof. Three new directors recommended by starboard to be appointed to board. Cvlt, a recognized global enterprise software leader in the management of data across cloud and onpremises environments. Represented starboard in successful campaign for board seats.
Commvault confirms receipt of director nominations from. Hedge funds are selling progress software corporation. Starboard value files preliminary proxy materials for the. Starboard value nominates directors to commvaults board. According to a filing with the sec from august 7 th, starboard value owned 4. Starboard value is a fundamental oriented activist hedge fund focusing on small cap stocks. Software for great digital experiences progress software.
Progress software starboard aol starboard divest or spin assets yahoo starboard value lp dupont trian partners dow chemical third point operational underperforming companies types of activist campaigns 2012 2014 darden starboard value lp. Progress software comments on withdrawal of starboard. Save my name, email, and website in this browser for the next time i comment. Aecoms michael burke to leave, opening door for new ceo and. The business transformation remains a work in progress. One of the more interesting moves made by starboard value lp was the sale of more than half of its shares in progress software corporation nasdaq. Starboard sends letter to progress software president. Progress software to sell noncore lines, cut staff. New york, march 5, 2012 prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of progress software corporation nasdaq.
The latest litigation news involving the company starboard value lp search. Jeffrey smith is a managing member, chief executive officer and chief investment officer of starboard value lp. Starboard value lp nominated nine directors as pressure mounts to. Smith was a partner managing director of ramius llc, a subsidiary of the cowen group, inc. Starboard, run by jeffrey smith, often seeks operational changes at the companies it targets, reuters notes. In the wake of this progress, aecoms stock is trading near its. Making good on an earlier threat, starboard value is soliciting support from yahoo shareholders to replace the companys entire board of directors with nine nominees of. Cvlt, a recognized global enterprise software leader in the management of data across cloud and onpremises environments, today confirmed that starboard value lp has nominated six candidates to stand for election to the commvault board of directors at the companys 2020 annual meeting of shareholders commvault learned of starboard s investment in the company in connection. Starboard value sues comscore to force annual meeting.
Starboard keeps buying progress software insider monkey. Starboard value is known for its battle against olive gardens parent company darden restaurants, in which it criticized the amount of salt in the italian chains pasta water. With little progress to show for her revival efforts after more than three. Activist investor starboard value lp has built a stake in u. Commvault learned of starboard s investment in the company in connection with starboard s schedule d filing on march 30, 2020. Starboard value reserves the right to change any of its opinions expressed herein at any time, but is under no obligation to update the data, information or opinions contained herein. Box activist investor buys stake in commvault data protection. Its unclear if starboard is planning additional moves related to the investment.
Unlocking value at macys january 11, 2016 starboard value. Mobility solution, web experience solution, modern ui solution, unite ux. Progress software to eliminate up to 260 jobs the boston. Acm, the worlds premier infrastructure firm, today announced a governance agreement with starboard value lp together with its affiliates, starboard, an investment firm and shareholder of the company, which provides for the appointment of three new. The asset was one of the biggest holdings in the firms portfolio in the last quarter of. Deliver mobile and web experiences faster using open source frameworks and a lowcode backend that accelerates existing enterprise and legacy systems. Get the latest starboard value lp news, articles, videos and photos on the new york post. Box activist investor buys stake in commvault data. As of the close of business on october 25, 2012, 1,336,716 shares were held in the starboard value lp account. Starboard notifying the company that starboard is withdrawing its slate of nominees for election to progress. Yahoo has reached a deal with starboard value to shake up its board of directors, adding four independent directors in a move that could smooth the sale of yahoos web assets. Cvlt, a recognized global enterprise software leader in the management of data across cloud and onpremises environments, today confirmed that starboard value lp starboard has nominated six candidates to stand for election to the commvault board of directors at the companys 2020 annual meeting of shareholders. As of the close of business on march 1, 20, 687,901 shares were held in the starboard value lp account.
Feld peter feld has been a managing member and the head of research of starboard value lp, a new yorkbased investment adviser. The company has come under pressure from activist hedge fund starboard value lp. Aecom announces governance agreement with starboard value. Business wire progress software corporation nasdaq.
The investor relations website contains information about progress software corporations business for stockholders, potential investors, and financial analysts. Activist hedge fund starboard value lp is calling off its pending proxy contest at progress software corp. Starboard notifying the company that starboard is withdrawing its slate of nominees for election to progress board of directors at the upcoming 2012 annual meeting of shareholders. Represented starboard in negotiation of board seat. Starboard value lp nominated six director candidates who may stand for election to commvault systems inc. Of the funds we track, starboard value lp, managed by jeffrey smith, holds the most valuable position in progress software corporation nasdaq. Prgs announced today that it is in receipt of a letter from starboard value and opportunity master fund ltd.