Starboard nominates directors to the board at Rogers. Here’s how the firm could boost margins
Publishing timestamp: 2023-02-11 08:33:44
Summary
Rogers was acquired by DuPont de Nemours for $277.00 per share, but the merger was terminated after parties did not receive regulatory approval. Starboard Value, an activist investor, has nominated four directors for election to the board at the 2023 Annual Meeting. The company has strong organic growth and pricing power, but their manufacturing and operational execution has not been optimal. The new CEO has a renewed focus and Starboard's presence on the board would help management stay focused and get the support it needs.
Sentiment: POSITIVE
Keywords: hedge funds, investment strategy, business news, s&p 500 index, rogers corp,