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Activist Elliott Takes Big Stake in Starbucks

By: Admin | Media Source: Social Media , Google

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By: Admin | Media Source: Social Media , Google

Activist investor Elliott Investment Management has taken a sizeable stake in Starbucks

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By: Admin | Media Source: Social Media , Google

The Wall Street Journal first reported Elliott's involvement with Starbucks

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By: Admin | Media Source: Social Media , Google

Elliott has been privately engaging with Starbucks to boost its stock price.

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By: Admin | Media Source: Social Media , Google

Shares of Starbucks increased by over 5% in afternoon trading following the news

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By: Admin | Media Source: Social Media , Google

Both Starbucks and Elliott did not immediately respond to Reuters' requests for comment.

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By: Admin | Media Source: Social Media , Google

Elliott's investment aims to address new challenges and opportunities for Starbucks

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The stock market's high valuations in 2024 have made investors cautious

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