Activist Starboard sues Autodesk in bid to mount proxy fight

(CNBC) Starboard Value sued software maker Autodesk on Monday to delay the company’s annual meeting and reopen the board nominating window and allow the activist to mount a proxy fight. Starboard confirmed in a letter on Monday that it has a stake in Autodesk valued at more than $500 million. Autodesk shares rose 6.5% on the disclosure.

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