Match Group Surges as Starboard Value Buys Stake in Online Dating Giant

Starboard Value Managing Member Jeffrey Smith made a number of suggestions in the letter to executives, stressing that Starboard is optimistic about Match's future and believes that the company is undervalued by the market, while also identifying potential areas of improvement. Key Takeaways Shares of Match Group (MTCH) jumped in premarket trading Tuesday on the news that activist hedge fund Starboard Value has taken a significant stake in the online dating giant and is already pushing for changes. Starboar ...