- Starboard Worth has taken a major stake in Pfizer, mentioned folks conversant in the matter.
- The drug big’s inventory has dropped considerably since its 2021 COVID-19 vaccine rollout.
- Starboard has just lately taken positions in Starbucks and Match.
Starboard Worth has its subsequent goal: pharma big Pfizer.
The activist investor has knowledgeable Pfizer that it has taken a major stake within the drugmaker, folks conversant in the matter instructed Enterprise Insider.
Pfizer inventory has fallen sharply because it reached document highs in 2021 throughout the rollout of its COVID-19 vaccine.
The Wall Road Journal earlier reported the Starboard stake.
Starboard, which managed $8.5 billion in belongings at the beginning of the yr, has just lately taken stakes in espresso chain Starbucks and Match Group, the proprietor of relationship app Tinder. It additionally has a stake in Rupert Murdoch’s Information Corp and has pushed for a breakup of the media conglomerate.
