LH - Why Fortrea Holdings Shares Are Gaining Today | Benzinga
Activist hedge fund Starboard Value holds a stake of around 8.7% in contract-research organization Fortrea Holdings Inc. (NASDAQ: FTRE), according to an exchange filing.
The activist investor plans to push for changes that could boost margins among other initiatives aimed at share-price appreciation, the Wall Street Journal reported, citing people familiar with the matter.
Starboard sees Fortrea as a robust and diverse worldwide contract research organization ...