3 days ago · On Pfizer’s external efforts specifically, Starboard figures the company has invested nearly $70 billion in M&A since 2022. But given that Pfizer has set its own target to achieve more than $20. ...

3 days ago · Starboard put about $1 billion to work on its Pfizer push and tapped two Pfizer veterans, ex-CEO Ian Read and former CEO Frank D’Amelio to serve as its public face. The campaign went off the rails almost immediately, after the company learned – via a fat-fingered email from D’Amelio to Bourla himself — that the pair was working with ...

2 days ago · Starboard also claimed that Pfizer seems to have “significantly overpaid” for several of its big-ticket acquisitions, which since 2022 have reached nearly $70 billion. These deals include the $43 billion buyout of Seagen and $5.4 billion for Global Blood Therapeutics. Citing Wall Street Research estimates, Starboard argued that the pharma ...

Starboard, which took a roughly $1 billion stake in Pfizer late last year, could still propose changes to the company’s board in 2026 if the two sides don’t reach a settlement before then.

Oct 22, 2024 · Starboard Value took aim at Pfizer (PFE) in another blow Tuesday, saying the company has failed to deliver on what it once called the "best pipeline" ever. Activist investor Starboard is making...

Oct 7, 2024 · Starboard Value has amassed a roughly $1 billion stake in drugmaker Pfizer, according to people familiar with the matter. The activist fund run by Jeff Smith is looking to tap former Pfizer...

Oct 10, 2024 · The corporate clash between Pfizer and Starboard Value heated up on Thursday when the activist investment firm pressed the U.S. drugmaker to investigate actions by its board, after two former...

Oct 22, 2024 · Starboard has called on Pfizer’s board to “hold management accountable” for what the hedge fund described as poor revenue returns on investments in R&D and M&A, according to a new...

Oct 22, 2024 · Activist hedge fund Starboard Value's chief executive officer said on Tuesday that drugmaker Pfizer's board needs to hold management accountable for its underperformance, particularly for its...

Oct 10, 2024 · Activist Starboard Value accused Pfizer of threatening litigation against two renegade former executives that initially were supportive of the investor's turnaround campaign at the...