Activist Starboard sues Autodesk in bid to mount proxy fight
Publishing timestamp: 2024-06-17 18:42:36
Summary
Activist investor Starboard Value sued Autodesk to delay its annual meeting due to concerns over handling of internal investigation into accounting issues. Starboard disclosed a $500 million stake in the company and accused Autodesk of manipulating corporate governance and disclosure obligations. Autodesk refused Starboard's requests to reopen the nominating window and delay the annual meeting.
Sentiment: NEGATIVE
Tickers: ADSK,
Keywords: business news, enterprise, breaking news, technology, autodesk inc, breaking news: technology,
Source: https://www.cnbc.com/2024/06/17/activist-starboard-sues-autodesk-in-bid-to-mount-proxy-fight.html