Bloomin' Brands: Starboard's Involvement Signals Potential For Increased Shareholder Value

JHVEPhoto/iStock Editorial via Getty Images Although on January 2, 2024, the company entered into a Cooperation Agreement with Starboard Value (“Starboard”), which I see as a very positive development, as of the close of trading on January 22, 2024, shares of Bloomin’ Brands (NASDAQ:BLMN) are down 6.5% this year. Last year, on Friday, August 18, Bloomin’ Brands stock jumped 8.7% following a report that Starboard accumulated 9.9% of the company’s shares. Being undervalued to start with, and now having Sta ...