Starboard Takes Stake in Starbucks, Shares Rise

Starbucks Sees Stock Surge After Starboard Stake
Starbucks Corporation gained a notable 2.7% in afterhours trading on Friday following reports from The Wall Street Journal that activist fund Starboard Value has taken a stake in the coffee giant. This move has sparked interest in the market, leading to the rise in share prices. However, the precise size of Starboard Value's investment remains undisclosed.