Starboard Settlement Adds Fresh Faces To Perrigo's Board
Law360, New York (February 7, 2017, 5:57 PM EST) -- Perrigo revealed Tuesday that it will swap out five of its directors for new members picked by Starboard as part of a settlement with the activist hedge fund, which has been pressuring the over-the-counter consumer goods and pharmaceutical company to turn around a steady decline in its stock price.
Ireland-based Perrigo Co. PLC appointed three of Starboard Value LP’s picks — including Jeffrey Smith, the activist hedge fund’s CEO and chief investment officer — to its board of directors, effective immediately, according to a statement. Starboard, which holds a 6.7 percent stake in Perrigo, will also be responsible for recommending two more independent...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!