April 16, 2019 / 1:00 PM / 3 days ago

Starboard takes new position in KAR Auction Services

BOSTON, April 16 (Reuters) - Activist investment firm Starboard Value has taken a new position in KAR Auction Services , the firm’s founder Jeffrey Smith said at a conference on Tuesday.

He called the company’s valuation “compelling” at the 13D Monitor Active-Passive Summit.

Reporting by Svea Herbst-Bayliss

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below