Starboard Value to invest $245M in Acacia Research, stock gains 7% premarket

Man watering rows of money expressing growth

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Acacia Research (NASDAQ:ACTG) stock gained 7.4% before the bell on Monday after it announced a deal with activist hedge fund Starboard Value to streamline its capital structure.

Jeff Smith's Starboard will invest over $245M in additional capital and convert its ownership interests

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