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Tuesday, October 8, 2024

Pfizer CEO Bourla to Meet Activist Investor Starboard Value Next Week, FT Reports

 Pfizer's Chief Executive Albert Bourla plans to meet Starboard Value next week with at least one other director after the activist investor acquired a $1 billion stake in the healthcare company, the Financial Times reports, citing sources.

--The planned meeting shows Starboard's demands are getting a hearing at the highest levels of the company, the FT reports.

--Starboard's exact recommendations couldn't be ascertained and the firm declined to comment, the FT reports, adding that Pfizer didn't immediately respond to a request for comment.

https://www.morningstar.com/news/dow-jones/202410088192/pfizer-ceo-bourla-to-meet-activist-investor-starboard-value-next-week-ft-reports

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