The activist hedge fund has provided about $ 9 billion to buy a federal department store with the support of Starboard Value LP. A group led by Starford-controlled Acacia Research Corp offered to buy the department-store chain for $ 64 a share on Friday, people said. Led by CEO Jeff Smith, Starford is one of the most visible aspiring investors in value. Before investing in Starford and joining its group in 2019, Acacia was primarily a patent holder. Comtech Telecommunications Corp.Starford, led by CEO Jeff Smith, is one of the most visible aspiring investors.

Source: Wall Street Journal January 22, 2022 09:59 UTC