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'Activist Starboard Value Takes Stake In Starbucks; Another Activist Hedge Fund, Elliott Investment Management, Is Already Agitating For Changes At The Coffee Giant' - WSJ

Author: Benzinga Newsdesk | August 09, 2024 04:34pm

Activist investor Starboard Value has a stake in Starbucks SBUX -0.87%decrease; red down pointing triangle and wants the coffee giant to take steps to boost its stock price, according to people familiar with the matter.

The size of the hedge fund's stake and its exact demands couldn't be learned.

Posted In: SBUX