(Reuters) Hedge fund Starboard Value LP has nominated five directors to Symantec’s (SYMC.O) board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance.
Starboard gave little indication in a regulatory filing here of detailed changes it would seek at the firm, saying only that it viewed the stock as cheap and would seek to “unlock value”.
Starboard Eyes Symantec Board Seats After Taking Stake
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