- Vertiv ( NYSE: VRT ) rose 6.8% in premarket trading on a report that activist Starboard Value has a built a sizeable stake in the company that provides equipment and services providers to data centers.
- Starboard is said to be advocating for operational improvements and has had talks with Vertiv's ( VRT ) management, according to traders, who cited a Bloomberg report.
- Starboard CEO Jeff Smith is expected to discuss the Vertiv ( VRT ) investment at the Capitalize for Kids Investor conference for charity in Toronto on Thursday, according to the report.
- The Vertiv ( VRT ) report comes after news on Tuesday that Starboard reportedly took a "significant" stake in Salesforce ( CRM ), which Smith discussed at the 13D Monitor Active-Passive Investor Summit in New York City.
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Vertiv gains on report activist Starboard has taken stake