Joseph K
Activists Want Changes at Salesforce
As of Feb. 8, five activists had purchased stakes in Salesforce with the plans to try and squeeze out more value for shareholders: Starboard Value, ValueAct Capital (Trades, Portfolio) Partners, Elliott Investment Management, Inclusive Capital and Third Point.
So far, there have been few specifics about what they want Salesforce to do. If they're following the standard activist playbook, they likely all want seats on the board. I think they might also ask for steeper job cuts than the 10% already planned, and some might even push the firm to divest itself of one or more of its major acquisitions, which include Tableau, Slack and MuleSoft.
Comentarios