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Starboard Value
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- 1Abbott To Spin Off Nutrition Business Amid Formula Lawsuits▼Abbott To Spin Off Nutrition, Leaving A Diagnostics And Devices Core As Formula Suits Linger
Abbott has announced plans to spin off its nutrition business, including its infant formula operations, leaving the company focused on its diagnostics and medical devices units. The move comes as litigation over its baby formula products remains unresolved, and it follows reported pressure from activist investor Starboard Value for the company to restructure.
- 2Starboard Value Builds Case for Apple Chip Supplier Skyworks▼Starboard Sees Value In Apple Chip Supplier Skyworks
Activist investor Starboard Value has taken an interest in Skyworks Solutions, the US chipmaker that supplies Apple, arguing the company's shares are undervalued. The move puts pressure on Skyworks management to unlock shareholder value, and it adds Skyworks to the growing list of semiconductor companies targeted by activists amid ongoing consolidation talk in the industry.