Starboard Value

Anything but bitcoin. The cryptocurrency got little love at CNBC’s Delivering Alpha conference Tuesday, with JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon calling it “fraudulent” and Saba Capital Management CIO Boaz Weinstein attributing its rise to nothing beyond FOMO....

U.S. retail stocks took another beating on Thursday after the market was unimpressed by the latest numbers from Macy’s Inc (NYSE: M) and Kohl’s Corporation (NYSE: KSS) as they continue to struggle to adjust to the intense competition from Amazon.com, Inc. (NASDAQ: AMZN) and other online...

Shares of Staples, Inc. (NASDAQ: SPLS) gained 7 percent early Thursday morning on chatter that the company is targeted for an acquisition. Sycamore Partners, a private equity giant, is reportedly in advanced talks to acquire the office supply retailer, Reuters reported. The deal could value Staples...

Depomed Inc (NASDAQ: DEPO) and activist investor Starboard Value reached an agreement which will see the drugmaker name a new CEO and add two new members to its board. Despite the latest developments, analysts at Cantor Fitzgerald aren't ready to name the stock as a buy just yet. In a report...

The retail sector is already off to a rough start in 2017 but the latest developments likely signals the industry's woes will continue. Ralph Lauren Ralph Lauren Corp (NYSE: RL) were trading lower by more than 6 percent ahead of Thursday's market open after the company reported its fiscal third-...

Barclays said in a research note that it sees 44–48 percent upside in Perrigo Company plc Ordinary Shares (NYSE: PRGO) to $131–$138, given its view that a more focused company could optimize performance of its consumer healthcare and branded healthcare business. The firm sees $1.60...

Activist investor Starboard Value wrote a letter on Monday to Perrigo Company plc Ordinary Shares (NYSE: PRGO), in which it implored the company to take steps to boost shareholder value as its stock is "deeply undervalued." Starboard's words were echoed by Gregg Gilbert, an analyst at Deutsche Bank...

Monday was a busy day for the hedge fund sector as several notable firms issued public letters. Corvex Management To Williams' New Board Members Keith Meister's Corvex Management is one of the largest shareholders of Williams Companies Inc (NYSE: WMB). On Monday, the fund wrote a letter to Stephen...

Argus is positive on Advance Auto Parts, Inc. (NYSE: AAP)'s hiring of Tom Greco as CEO, as it thinks he "is the right executive for the job." The brokerage's analysts commented, "[H]e will deliver operating improvements that will be a catalyst for the shares." Argus maintains its Buy rating and $...

Macy's Inc (NYSE: M) has talked a lot about monetizing its real estate assets, but according to Bloomberg Gadfly's Shelly Banjo, all the chatter "hasn't amounted to much action" at a time when its physical stores are actually more valuable than the entire retailing business. In the most recent...

According to more than two dozen investors and current and former Yahoo! Inc. (NASDAQ: YHOO) employees, things started to quickly unravel for the company after CEO Marissa Mayer failed to keep her secret 2015 pledge to investors to limit the company’s spending. The Wall Street Journal’s...

After a lengthy and somewhat confusing bidding process to buy Yahoo! Inc. (NASDAQ: YHOO)'s Internet assets, Verizon Communications Inc. (NYSE: VZ) and AT&T Inc. (NYSE: T) are said to be preparing their final offer. According to Reuters, the two rival telecommunications companies will...

Insiders continue to snap up seeming bargains, even with the markets approaching highs. Three companies in transition saw notable insider purchases recently. Strong insider buying is often considered a positive sign for investors, particularly during volatile periods. Turnaround efforts at a...

Major activist hedge funds have formed a lobbying group called Council for Investor Rights and Corporate Accountability (CIRCA) to promote shareholder activism across the country. The announcement comes as presidential candidates Hillary Clinton and Bernie Sanders have been voicing against activist...