Starboard Value Hedge Fund Wants to Force ComScore to Hold an Annual Meeting
ByStarboard Value, an activist hedge fund known for taking on companies like Yahoo and Macy’s, has unveiled its next target: comScore, the big media measurement company.
Starboard sued comScore on Tuesday in a Delaware court, seeking to force the company to schedule an annual meeting for the first time in two years.
The hedge fund said it had amassed a 4.9 percent stake, making it one of comScore’s biggest shareholders, according to data from Standard & Poor’s Global Market Intelligence.
A representative for comScore said the company was assessing the lawsuit, but declined to comment further…
Starboard Value Hedge Fund Wants to Force ComScore to Hold an Annual Meeting