Algonquin Power gains after Starboard discloses 5% stake

Algonquin Power & Utilities

30/06/2023 14:12

** U.S.-listed shares of Canadian utilities firm Algonquin
Power & Utilities  AQN.N   AQN.TO  rise 1.3% at $8.43 premarket
    ** Activist hedge fund Starboard Value LP reports 5% stake
in AQN
    ** Starboard says it purchased AQN stock based on belief
that they were undervalued
    ** Up to last close, stock had risen 27.6% YTD

 (Reporting by Ankit Kumar)
 ((Ankit.kumar2@thomsonreuters.com))