Hedge fund takes stake in Clean Harbors

Boston Globe – Shares of Clean Harbors Inc., a provider of waste management and other environmental services, jumped on the news that Starboard Value LP, the activist hedge fund run by Jeff Smith, had acquired a new stake in the Norwell company. The New York-based fund bought about 2.3 percent of Clean Harbors’ shares during the fourth quarter, according to a filing with the Securities and Exchange Commission. Clean Harbors intends to release quarterly and full-year earnings on Wednesday.

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