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Starboard Zeroes In on New Target: Emulex

The New York-based activist fund disclosed this week that it has taken a stake in the IT company, setting the stage for its next corporate battle.

       Starboard Value founder Jeffrey SmithJeffrey Smith’s Starboard Value, the New York hedge fund firm that has picked battles with corporate targets including Office Depot and Tessera Technologies, has identified its newest activist target. The firm’s hedge fund, which manages between $1.3 billion and $1.4 billion, disclosed late Monday that it owns

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