By Noel Randewich
Feb 17 (Reuters) – Activist investor Starboard Value LP increased its stakes in cryptocurrency firm Riot Platforms and consumer health company Kenvue in the December quarter, while reducing its shares in Rogers Corp, News Corp, Salesforce and Autodesk, according to a filing on Tuesday to the U.S. Securities and Exchange Commission.
Starboard plans to push for a major overhaul of Tripadvisor’s board, and is preparing to nominate a majority slate for the company’s eight-member board, the Wall Street Journal reported on Monday.
Starboard owned 9.6 million shares of Tripadvisor with a reported value of about $140 million at the end of December, according to Tuesday’s filing. That was up from 9.5 million shares at the end of September.
(Reporting by Noel Randewich; Editing by Cynthia Osterman)
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