Starboard takes new position in KAR Auction Services

April 16, 2019

BOSTON (Reuters) – Activist investment firm Starboard Value has taken a new position in KAR Auction Services, the firm’s founder Jeffrey Smith said at a conference on Tuesday.

He called the company’s valuation “compelling” at the 13D Monitor Active-Passive Summit.

(Reporting by Svea Herbst-Bayliss)

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