Starboard Value Increases Its Stake In ACI Worldwide
Starboard Value has increased its stake in software company ACI Worldwide above the 13D reporting threshold for the first time, making it potentially the third company the activist has targeted this month, after CEO Jeff Smith took on Corteva and ON Semiconductor at a recent conference. Starboard had previously disclosed a 1.8% stake as part of its 13F quarterly portfolio disclosures but has spent the last two months adding to the position, according to Monday’s filing.Q3 2020 hedge fund letters, conferences and moreStarboard Targetting ACI Worldwide Due To An Undergoing A Leadership Transitio...