Brief: Starboard Value Lp Reports 11.5% Stake In Acacia Research Corp As Of October 30 - SEC Filing

Acacia Research

08/11/2022 23:35

Nov 8 (Reuters) - Acacia Research Corp  ACTG.O :
    * STARBOARD VALUE LP REPORTS 11.5% STAKE IN ACACIA RESEARCH
CORP
AS OF OCTOBER 30 - SEC FILING
    * STARBOARD VALUE LP SAYS ON OCT 30, STARBOARD AND CERTAIN
AFFILIATES ENTERED INTO RECAPITALIZATION AGREEMENT WITH ACACIA
RESEARCH CORP
    * STARBOARD VALUE LP - PURCHASED ACACIA RESEARCH CORPORATION
SECURITIES BASED ON BELIEF THAT THE SECURITIES, WHEN PURCHASED,
WERE UNDERVALUED
    * STARBOARD VALUE LP SAYS ACACIA RESEARCH CORP AGREED TO
ENTER
INTO SERIES OF TRANSACTIONS TO RESTRUCTURE STARBOARD’S EXISTING
INVESTMENTS

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