ADSK - Autodesk Stock Jumps As Activist Investor Pushes For Margin Improvement Board Changes: The Details | Benzinga
Autodesk Inc (NASDAQ:ADSK) shares are trading higher Monday after activist investor Starboard Value purchased a stake of more than $500 million in the company and wrote a letter to shareholders pushing for changes.
What Happened: Activist investor Starboard is pushing Autodesk to improve margins and make some changes to its board. In a letter released on Monday, Starboard urged shareholders to consider opportunities for improved corporate governance and enhanced value creation.
“We believe Autodesk has continued runway for growth, with incredibly sticky solutions that are the industry standard and integral to how its customers work, ...