Starboard Value's $1 Billion Stake Boosts Pfizer (PFE) Shares

Media reports indicate that activist investor Starboard Value has acquired approximately $1 billion worth of shares in Pfizer (PFE, Financial). Following this news, Pfizer's stock rose nearly 3% in pre-market trading. Starboard Value is reportedly in discussions with Pfizer's former CEO, Ian Read, and former CFO, Frank D’Amelio, to assist in enhancing the company's performance.The hedge fund has expressed concerns that Pfizer's current CEO, Albert Bourla, who succeeded Read in 2019, lacks the acquisition di ...