Update: Market Chatter: Activist Elliott Builds Large Stake in Starbucks-February 2024-www.financetom.com

Update: Market Chatter: Activist Elliott Builds Large Stake in Starbucks

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Update: Market Chatter: Activist Elliott Builds Large Stake in Starbucks

Jul 19, 2024 2:10 PM

04:46 PM EDT, 07/19/2024 (MT Newswires) -- (Updates with Starbucks ( SBUX ) declining to comment in the third paragraph.)

Elliott Investment Management has built a large stake in Starbucks ( SBUX ) , and the activist has pushed the coffee company privately on ways to enhance its stock price, The Wall Street Journal reported Friday, citing people familiar with the matter.

The precise size of Elliott's stake in Starbucks ( SBUX ) and its additional demands, such as board seats, remain undisclosed, the report added.

Starbucks ( SBUX ) declined to comment and Elliott did not respond to a request for comment by MT Newswires.

(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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