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Starboard Value Gets a Nasty Surprise from New Target MedAssets
The morning after the activist announced its stake, the health-care company admitted a major customer has failed to renew its contract.
Jeffrey Smith, Starboard Value (Bloomberg) Talk about bad timing. The morning after Jeffrey Smith’s Starboard Value announced an 8.7 percent stake in MedAssets and fired off a long letter to management laying out its plan for raising its stock by as much as 100 percent, the company stunned the New York
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