Progress software corporation prgs stock price, quote. Progress software corporation progress is an american publicly held company headquartered in bedford, massachusetts. Progress software corporation name of issuer common stock. Starboard value merged with the cowen group in 2008, and was cowens hedgefund until 2011, when it went independent. Prior to joining progress, yogesh was president and chief executive officer at kaseya, inc. Company filings, bloomberg, and starboard value estimates. Represented starboard in negotiation of board seat. Smith was a partner managing director of ramius llc, a subsidiary of the cowen group, inc. Starboard value is an american hedge fund that was founded in 2002 by jeffrey smith and mark mitchell with smith serving as ceo. How starboard value, the hedge fund trying to dismantle yahoos board, has shaken up corporate america. Gcp, with an ownership interest of approximately 8% of the companys outstanding shares, today announced that it has nominated a.
Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on. A primer on starboard, the activist that pushed for a. Darden restaurants, inc represented starboard in unprecedented, extraordinary victory in its election contest replacing its entire board with a slate of 12 directors. Starboard value is known for its battle against olive gardens parent company darden restaurants, in which it criticized the amount of salt in the italian chains pasta water. Prgs is trading up again and it is now up more than 10% in just the last few trading sessions. In the legal profession, information is the key to.
G4s have implemented technology such as handheld devices, route logistics software, and. Progress offers technology to develop and deploy business applications including adaptive user experience, mobility and serverless cloud, cognitive services, data connectivity and integration and web experience management. Acm, the worlds premier infrastructure firm, today announced a governance agreement with starboard value lp together with its affiliates, starboard, an investment firm and shareholder of the company, which provides for the appointment of three new. About starboard value starboard value lp is a new yorkbased investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded u.
Box activist investor buys stake in commvault data protection. Jeffrey smith is a managing member, chief executive officer and chief investment officer of starboard value lp. Represented starboard in successful campaign for board seats. Commvault software, solutions and services are available from the company and. Find the latest progress software corporation prgs stock quote, history, news and other vital information to help you with your stock trading and investing.
Computer hardware computer software consumer electronics. How hedge fund starboard value has shaken up corporate america. Starboard nominates slate of nine highly qualified director. Starboard value lp in its direction election campaign at office depot, inc.
Still, the company has been playing catchup in the cloudfirst data protection era. In the wake of this progress, aecoms stock is trading near its alltime high. Starboard delivers letter to board of ebay pr newswire. Before kaseya, he served as the president and chief executive officer of fatwire software, a vcbacked marketing automation software company. Commvault confirmed that starboard value lp starboard has.
Acm, the worlds premier infrastructure firm, today announced a governance agreement with starboard value lp together with its affiliates, starboard, an investment firm and shareholder of the company, which provides for the appointment of three new independent directors recommended by starboard, including starboard managing member, peter a. Activist turns progress into next special situation. Starboard value was founded in march 2011 and is based in new york, united states. In connection with todays announcement, lsb has entered into an agreement with starboard value lp starboard, which beneficially owns. Activist investor starboard value lp has built a stake in u. New york, march 5, 2012 prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of progress software corporation nasdaq. The asset was one of the biggest holdings in the firms portfolio in the last quarter of.
Commvault software, solutions and services are available from the. Starboard value files preliminary proxy materials for the. Three new directors recommended by starboard to be appointed to board. Aecom, the world s premier infrastructure firm, today announced a governance agreement with starboard value lp, an investment firm and shareholder of the company, which provides for the.
About starboard value starboard value lp is a new yorkbased investment adviser with a focused and differentiated fundamental approach to investing primarily. Despite our efforts to engage constructively, very little progress has been. Represented starboard in the negotiation of three board seats. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value. Starboard value delivers letter to ceo and board of.
Lsb industries and starboard value reach agreement. Prnewswire starboard value lp together with its affiliates, starboard, one of the largest shareholders of ebay inc. We invested in the company because we believe that gcp has a strong product. Jeffrey smith, ceo of starboard value lp and chairman of papa johns international inc. Cvlt, a recognized global enterprise software leader in the management of data across cloud and onpremises environments, today confirmed that starboard value lp starboard has nominated six candidates to stand for election to the commvault board of directors at the companys 2020 annual meeting of shareholders.
February 04, 2020 starboard renews calls for ebay to ditch classifieds unit. Of the funds we track, starboard value lp, managed by jeffrey smith, holds the most valuable position in progress software corporation nasdaq. Starboard value began as part of ramius capital in 2002. Starboard value is an investment adviser that offers investors with tips on investing in publicly traded u. Starboard value lp jeffrey smith assets under management f holdings, latest news, dg filings, and investor letters provided by insider monkey.
Starboard value lp starboard value gp llc starboard principal co lp starboard principal co gp llc smith jeffrey c feld peter a. Starboard value lp is a new yorkbased investment adviser with a focused and fundamental approach to investing in publicly traded u. Starboard value lp, together with its affiliates starboard, currently owns approximately 5. The business transformation remains a work in progress. Peter feld has been a managing member and the head of research of starboard value lp, a new yorkbased investment adviser with a focused and fundamental approach to investing primarily in publicly. Commvault learned of starboards investment in the company in. Starboards average return on technology companies is 35%, more than double.
Aecom announces governance agreement with starboard value. Activist investor starboard, which has track record of big returns in. It was created through a spinoff transaction from ramius llc, the investment management subsidiary of the cowen group. You can contact progress software corporations board of directors to provide comments, to report concerns, or to ask a question, at the following address. Progress software starboard aol starboard divest or spin assets yahoo starboard value lp dupont trian partners dow chemical third point operational underperforming companies types of activist campaigns 2012 2014 darden starboard value lp sothebys third point hess elliott. Starboard value sues comscore to force annual meeting. Starboard value is based out of new york and is run by ceo jeff smith. Starboard value lp in its director election campaign at progress software corporation starboard value lp in its director election campaign at regis corporation starboard value lp in its director election campaign at tessera technologies, inc. While ebay has made progress on some of these initiatives, much work. The firm last filed a form d notice of exempt offering of securities on 20191004.
664 259 111 1059 150 884 722 1291 797 630 532 1239 649 758 1134 593 1455 1425 172 1422 881 1054 1032 1518 62 677 505 225 590 1174 732 1298 1528 1451 1054 931 214 169 1387 465 672