Activist investor Starboard Value acquires a $500M stake in Autodesk, urging improvements in profit margins, governance, and board changes.
Activist investor Starboard Value acquired a $500M stake in Autodesk and urges the company to improve profit margins, corporate governance, and board changes. Starboard expresses concern over delayed disclosure of an internal investigation regarding accounting irregularities. The firm is considering legal action to reopen the company's director nomination window and delay Autodesk's annual shareholder meeting.
June 17, 2024
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