Trending: Starboard Value Takes $1 Billion Stake in Pfizer
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Dow Jones
09:47 ET -- Pfizer is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Activist investor Starboard Value has amassed a $1 billion stake in Pfizer, according to a report, with a turnaround in its sights. Starboard has approached two former Pfizer executives, Ian Read and Frank D'Amelio, to assist in its efforts, and they have expressed interest in helping, The Wall Street Journal reported Sunday, citing people familiar with the matter. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
October 07, 2024 10:02 ET (14:02 GMT)
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