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Will Starboard Value implement strategic changes at Pfizer by June 30, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official announcements from Pfizer or Starboard Value, 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%
Cost-cutting measures • 25%
New product focus • 25%
Management restructuring • 25%
Other • 25%
Starboard gains board seats • 25%
Starboard withdraws campaign • 25%
No significant changes • 25%
Other outcomes • 25%
Albert Bourla steps down • 25%
Starboard gains board seats • 25%
No significant changes • 25%
Other outcomes • 25%
Major acquisition • 25%
Divestiture of a major division • 25%
Significant R&D pivot • 25%
No major changes • 25%