Activist Buys Huntsman Shares
Starboard Value fund takes 8%-plus stake in Huntsman – WSJ
- Huntsman (NYSE:HUN) +3.8% post-market after the Wall Street Journal reports activist hedge fund Starboard Value has taken a stake of more than 8% in the company, which would be valued at $500M or more.
- Starboard also plans to seek changes to improve the company’s stock performance, according to the report, although the exact nature of the intended changes is not certain.
- Huntsman shares are little changed since the company’s IPO in 2005, closing today at $28.07 vs. $24.50 on its first day of trading, according to WSJ.
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