15 Recent Activist Investor Campaigns

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11. Pfizer Inc. (NYSE:PFE)

Value of Stake: $1 Billion

Starboard Value LP Activist Campaign Initiated: October 2024

Number of Hedge Fund Holders: 92

Pfizer Inc. (NYSE:PFE) is a biopharmaceutical company that discovers, develops, and manufactures healthcare products to prevent and treat diseases. After becoming a star at the height of the COVID-19 pandemic owing to strong demand for its vaccines, the company has come down tumbling to the extent of being a significant target for activist investors.

After shedding more than 20% in value in 2024, Pfizer Inc. (NYSE:PFE) is having to contend with pressure from Starboard Value LP that has amassed a $1 billion stake in its stock. The activist hedge fund has approached two former executives with the intention of installing them to spearhead strategic changes at the company.

The push for management changes comes on Starboard Value LP, becoming agitated over what it claims to be mismanagement of pandemic windfall with costly deals. Consequently, the activist hedge fund wants to install board members focused on controlling costs and pushing for disciplined deals to unlock long-term value. In addition to Starboard Value LP pressure, Institutional Shareholder Services is urging investors to reject Pfizer Inc.’s (NYSE:PFE) proposals on executive compensation at the upcoming annual meeting.

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