Starboard Value Takes Stake in Starbucks Amid Activist Pressure

Aug 9, 2024, 08:37 PM

Starboard Value, an activist investment firm, has taken a stake in Starbucks, joining Elliott Investment Management in pushing for changes at the coffee giant. The move comes as Starbucks is engaged in settlement talks with Elliott. The involvement of two activist investors is influencing Starbucks' stock, which has seen a 3.64% increase in after-hours trading. Starboard's investment is part of a broader strategy to boost Starbucks' stock price.