Starboard Value Takes $1 Billion Stake in Pfizer, Pushes for Changes - WSJ

Oct 7, 2024, 12:07 AM

Activist investor Starboard Value has taken a roughly $1 billion stake in Pfizer and is pushing for strategic changes to improve the U.S. drug giant's performance. According to sources familiar with the matter, Starboard has approached two former Pfizer executives to assist in its efforts. The Wall Street Journal reported this development on Sunday, highlighting Starboard's intention to turn around Pfizer's struggling performance.