11:23 AM EDT, 08/12/2024 (MT Newswires) -- Starbucks ( SBUX ) is negotiating a settlement with Elliott Investment Management that would include a board seat for the activist investor, Bloomberg reported Monday, citing people familiar with the matter.

Jesse Cohn, a managing partner at Elliott, is being discussed as the potential representative on the board for the activist investor, Bloomberg reported, citing the people, who added that Elliott could seek multiple Starbucks ( SBUX ) board seats.

Elliott Investment Management and Starbucks ( SBUX ) didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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