​Activist Starboard Reportedly Takes Billion Dollar Stake In Pfizer To Right Sinking Ship  – Tyler Durden

Activist Starboard Reportedly Takes Billion Dollar Stake In Pfizer To Right Sinking Ship  Pfizer shares are up in premarket trading in New York after a report from the Wall Street Journal revealed that activist investor Starboard Value has taken a $1 billion stake in the struggling pharmaceutical giant, aiming for a major turnaround. Pfizer’s stock had skyrocketed during the pandemic, driven by new Covid vaccine sales, but with the pandemic over and no imminent biothreat to the nation, shares trade at 2020 lows.  Citing unnamed sources familiar with the matter, WSJ said Starboard had taken a billion-dollar stake in the pharmaceutical giant and approached two former…  — Continue at ZeroHedge News : Read More