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Starboard Joins the SPAC Pack

The activist firm is the latest in a growing number of hedge funds seeking money for a blank-check company.

Jeffrey Smith’s Starboard Value, the hedge fund firm best known for its activism, is seeking $300 million for its first special purpose acquisition company.The SPAC, Starboard Value Acquisition Corp., was created to do an acquisition in a sector that could include technology, health care, consumer, industrials or hospitality and entertainment,

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