Acacia Research Announces Strategic Partnership with Starboard Value
Acacia Research Corporation (ACTG)
Last acacia research corporation earnings: 8/8 04:00 pm
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Source: Business Wire
Agreement to Provide up to $400 Million in Additional Capital for Strategic Investments and AcquisitionsJonathan Sagal, Managing Director of Starboard, Has Joined Acacia’s Board of DirectorsCompany to Host Investor Conference Call Today at 10:00 a.m. ET IRVINE, Calif.--(BUSINESS WIRE)--Acacia Research Corporation (“we”, "Acacia" or "the Company") (Nasdaq: ACTG) today announced a strategic partnership with Starboard Value LP (together with its affiliates, “Starboard”), a New York-based investment adviser with a focused and fundamental approach to investing in publicly traded U.S. companies. This financing (the “Transaction”) will provide Acacia with access to up to $400 million of new capital for strategic investments and acquisitions, and Starboard will work directly with Acacia to identify and execute on these opportunities.Under terms of the agreements:Starboard has made a $35 million investment in Acacia, acquiring 350,000 shares of Series A Convertible Preferred Stock (the “Pre
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News
- Acacia Research to Release First Quarter 2024 Financial Results on May 9Business Wire
- Acacia Research Announces Closing of Benchmark Energy’s Transformative Acquisition in the Western Anadarko BasinBusiness Wire
- Acacia Research Co. (NASDAQ: ACTG) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Acacia Research Co. (NASDAQ: ACTG) had its price target raised by analysts at Craig Hallum from $6.00 to $7.00. They now have a "buy" rating on the stock.MarketBeat
- Acacia Research: Positive Developments, Discount To Book Value High Despite Recent Price Spike [Seeking Alpha]Seeking Alpha
ACTG
Sec Filings
- 4/19/24 - Form DEF
- 4/17/24 - Form 8-K
- 3/25/24 - Form 4
- ACTG's page on the SEC website