Starboard Value Gearing Up for Busy Proxy Season

On Friday it launched a proxy fight against Magellan Health, potentially its third this year.

Jeff Smith (Christopher Goodney/Bloomberg)

Jeff Smith

(Christopher Goodney/Bloomberg)

This has been a busy year already for the folks at Starboard Value.

Most recently, the activist hedge fund headed by Jeffrey Smith launched a proxy fight with Magellan Health, telling the managed care company on Friday that it plans to nominate six director candidates at its 2019 annual meeting.

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