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Starboard Takes Autodesk Stake to Push Board Change

Posted on AllSides June 17th, 2024
From The Left

Activist investor Starboard Value said it’s built a stake in Autodesk Inc. valued at more than $500 million and plans to push for changes to the board because of concerns about the software company’s performance and how it handled an accounting probe. Starboard said it met with executives to ask the California-based engineering software maker to reopen a nomination window for directors, arguing that new members would give shareholders “increased comfort” about the board’s independence. The California-based company rejected its request, Starboard said. The Wall Street Journal previously reported the...

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