238.00 Dollar US$ Pfizer fight with Starboard heats up, hedge fund alleges executive... Amboy
- Location: 7608 Hg, Amboy, Kentucky, United States
By Svea Herbst-Bayliss and 비닉스 직구 Michael Erman
Oct 10 (Reuters) - The corporate clash between Pfizer and Starboard Value heated up on Thursday when the activist investment firm pressed the U.S. drugmaker to investigate actions by its board, after two former executives backed out of its campaign against the company.
Jeffrey Smith, 비닉스 가격 who runs Starboard, pushed Pfizer's board on Thursday to set up a special committee to probe potential "coercive conduct" that may have prompted the two executives who had planned on working with the hedge fund to change their minds.
Starboard built a roughly $1-billion position in the company, which has a $167-billion market capitalization, and said former chief executive Ian Read and former chief financial officer Frank D'Amelio were concerned about the company's path and offered their assistance.
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