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What Is Starboard Value Seeking at Symantec?

Rachel Gunter
What Is Starboard Value Seeking at Symantec?

Activist hedge fund Starboard Value has launched a push to remake the board of Symantec (SYMC). This move comes after the fund recently bought a stake of 5.8% in Symantec, the maker of Norton AntiVirus software. As part of the push to shuffle Symantec’s board, Starboard Value has nominated five representatives for board seats at Symantec.