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What will Starboard Value do with its Pfizer stake by December 31, 2025?
2
Resolution / Starting Odds
Increases stake • 25%
Maintains stake • 25%
Reduces stake • 25%
Exits stake • 25%
Official announcements from Starboard Value or Pfizer, financial news reports
Story
Starboard Value Acquires $1 Billion Stake in Pfizer, Shares Rise 3%
Oct 7, 2024, 02:50 AM
Activist investor Starboard Value has acquired a roughly $1 billion stake in Pfizer and is advocating for strategic changes to improve the company's performance. The Wall Street Journal reports that Starboard has approached former Pfizer executives Ian Read and Frank D'Amelio to assist in its efforts. Pfizer has been under pressure to enhance its performance, particularly after overestimating future demand for pandemic-related products. The pharmaceutical giant's market cap stands at approximately $160 billion, making Starboard's stake a significant but not controlling interest. Following the news on Sunday, Pfizer's shares rose by 3%.
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Increased R&D investment • 25%
New product launches • 25%
Cost-cutting measures • 25%
Other strategic changes • 25%
Major restructuring • 25%
New strategic initiatives • 25%
Minor adjustments • 25%
No significant changes • 25%
Starboard gains board seats • 25%
Starboard withdraws campaign • 25%
No significant changes • 25%
Other outcomes • 25%
Cost-cutting measures • 25%
New product focus • 25%
Management restructuring • 25%
Other • 25%
Albert Bourla steps down • 25%
Starboard gains board seats • 25%
No significant changes • 25%
Other outcomes • 25%
