UPDATE 1-Starboard nominates minority slate of directors to eBay board [Reuters (UK)]
eBay Inc. (EBAY)
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Source: Reuters
UPDATE 1-Starboard nominates minority slate of directors to eBay board - Reuters 3 Min Read (Changes sourcing, adds details about plans, background) By Svea Herbst-Bayliss March 11 (Reuters) - Activist investor Starboard Value has nominated directors to the board of eBay after criticizing the online marketplace for not moving quickly enough in selling its on-line classifieds business, people familiar with the matter said on Wednesday. EBay has faced pressure from Starboard before, especially after the two sides agreed in early 2019 that Starboard would be permitted to help select one board member. This year Starboard’s minority slate includes Peter Feld, a portfolio manager and the firm’s head of research, the sources said. They did not say how many directors Starboard nominated to eBay’s 14 member board. The hedge fund, which first bought a stake in eBay in 2018, nominated the slate in private, the sources said. It now owns about 1% of eBay. The move was first reported by the Wall St
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