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Starboard Discloses Stake in 3-D Projection Technology Company

Busy activist acquires 6.3 percent of RealD but has yet to formulate a plan for unlocking value.

Jeffrey Smith’s Starboard Value has filed its first initial 13D in 2014. The New York hedge fund — perhaps the busiest activist investor — disclosed late Friday that it owns 6.3 percent of RealD, a Beverly Hills, California, maker of projection technology for 3-D films. So far the stake is not officially

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