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Starboard cuts Perrigo stake under 5%

Aug. 16, 2019 8:19 PM ETPerrigo Company plc (PRGO) StockPRGOBy: Jason Aycock, SA News Editor1 Comment
  • In an SEC filing, Starboard Value discloses it's cut its stake in Perrigo (NYSE:PRGO) to the sub-5% level.
  • The fund and affiliates trimmed their stake to 4.98% from a previous 6.7%.
  • In its description of transaction purpose, Starboard says "Starboard intends to remain a shareholder of the Issuer and has full confidence in the ability of management and the Board of Directors of the Issuer to protect and enhance shareholder value and represent the best interests of all shareholders."

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