VoM News Desk | August 5, 2026 | 10:19 PM IST | Breaking News, Business, Stock Market |
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Activist investor Starboard takes new position in Shake Shack, Bloomberg News reports
Aug 5 (Reuters) – Activist investor Starboard Value has built a new stake in Shake Shack, Bloomberg News reported on Wednesday, citing the hedge fund’s CEO Jeff Smith.
Shares of the company rose 11% in afternoon trading.
Huaxin Expands Global Presence With $807 Million Acquisition of Holcim Philippines
Starboard has a position of several hundred million dollars in Shake Shack, Smith said in an interview on Bloomberg TV.
Radico Khaitan Q1 Profit Surges 76% on Strong Premium Liquor Demand
Starboard and Shake Shack did not immediately respond to Reuters request for comment.
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