WS #13474
Starboard Value takes several-hundred-million-dollar stake in Shake Shack; stock jumps ~11%. Cencora beats and raises guidance (stock up), Medline falls on soft EBITDA outlook, Uber strong Q2, Eli Lilly strong results, Kraft Heinz slides on profitability pressures.
Activist stake in Shake Shack
Starboard Value takes several-hundred-million-dollar stake in Shake Shack; stock jumps ~11%.
Cencora beats and raises guidance (stock up), Medline falls on soft EBITDA outlook, Uber strong Q2, Eli Lilly strong results, Kraft Heinz slides on profitability pressures.