Activist Elliott reportedly has a significant stake in Starbucks, in talks with management
Publishing timestamp: 2024-07-19 16:21:07
Summary
Elliott Management has taken a significant stake in Starbucks and is engaging with management to improve the struggling coffee chain's performance. Starbucks CEO is under pressure to turn the company around after disappointing quarterly results. Elliott is known for taking sizable positions in various companies and it remains to be seen what specific demands they may have for Starbucks.
Sentiment: MIXED
Tickers: SBUX, TXN, 9984.T-JP, LUV, JCI,
Keywords: softbank group corp, restaurants, southwest airlines co, laxman narasimhan, johnson controls international plc, starbucks corp, breaking news: business, texas instruments inc, business news, business, howard schultz, mergers and acquisitions, breaking news, activism,
Source: https://www.cnbc.com/2024/07/19/elliott-starbucks-sbux-stake.html