Latest news with #RogersCorp
Yahoo
6 days ago
- Business
- Yahoo
Activist investor Starboard builds over 9% stake in Rogers
(Reuters) -Activist investor Starboard Value said on Wednesday it has built a 9.3% stake in Rogers Corp as it seeks to push for changes at the advanced materials maker. Shares of Rogers were up 10% in extended trade. However, the stock has fallen more than 30% so far this year. Rogers, which makes advanced materials used in electric and hybrid cars, automotive safety, radar systems and other industrial applications, has a market value of about $1.28 billion, according to data compiled by LSEG. Reuters reported in 2023 that the activist investor was building a sizable stake in Rogers and was seeking seats on the company's board in its push for changes. The investor said it believes shares of Rogers, at the time of purchase, were undervalued and represented an attractive investment opportunity. Starboard had previously entered into an agreement with Rogers regarding the composition of its board and other matters, it said in a regulatory filing. Following the agreement, Starboard has engaged in discussions with Rogers' management and board regarding opportunities for value creation. The Wall Street Journal reported that Starboard had built a stake of over 9% in Rogers earlier on Wednesday. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Activist investor Starboard builds over 9% stake in Rogers, WSJ reports
(Reuters) -Activist investor Starboard Value has more than a 9% stake in Rogers Corp and plans to seek another round of changes at the engineering-materials maker to boost shares, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Rogers, which makes advanced materials used in electric and hybrid cars, automotive safety, radar systems and other industrial applications, has a market value of about $1.28 billion, according to data compiled by LSEG. Reuters reported in 2023 that the activist investor was building a sizable stake in Rogers and was seeking seats on the company's board in its push for changes. Starboard Value did not immediately respond to a Reuters request for comment. Rogers declined to comment. Shares of Rogers were up 10% in extended trade. However, the stock has fallen more than 30% so far this year. The Journal report added that Starboard's position in the company is expected to be disclosed later on Wednesday in a securities filing.
Reuters
6 days ago
- Business
- Reuters
Activist investor Starboard builds over 9% stake in Rogers
Aug 6 (Reuters) - Activist investor Starboard Value said on Wednesday it has built a 9.3% stake in Rogers Corp (ROG.N), opens new tab as it seeks to push for changes at the advanced materials maker. Shares of Rogers were up 10% in extended trade. However, the stock has fallen more than 30% so far this year. Rogers, which makes advanced materials used in electric and hybrid cars, automotive safety, radar systems and other industrial applications, has a market value of about $1.28 billion, according to data compiled by LSEG. Reuters reported in 2023 that the activist investor was building a sizable stake in Rogers and was seeking seats on the company's board in its push for changes. The investor said it believes shares of Rogers, at the time of purchase, were undervalued and represented an attractive investment opportunity. Starboard had previously entered into an agreement with Rogers regarding the composition of its board and other matters, it said in a regulatory filing. Following the agreement, Starboard has engaged in discussions with Rogers' management and board regarding opportunities for value creation. The Wall Street Journal reported that Starboard had built a stake of over 9% in Rogers earlier on Wednesday.
Reuters
6 days ago
- Business
- Reuters
Activist investor Starboard builds over 9% stake in Rogers, WSJ reports
Aug 6 (Reuters) - Activist investor Starboard Value has more than a 9% stake in Rogers Corp (ROG.N), opens new tab and plans to seek another round of changes at the engineering-materials maker to boost shares, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Rogers, which makes advanced materials used in electric and hybrid cars, automotive safety, radar systems and other industrial applications, has a market value of about $1.28 billion, according to data compiled by LSEG. Reuters reported in 2023 that the activist investor was building a sizable stake in Rogers and was seeking seats on the company's board in its push for changes. Starboard Value did not immediately respond to a Reuters request for comment. Rogers declined to comment. Shares of Rogers were up 10% in extended trade. However, the stock has fallen more than 30% so far this year. The Journal report added that Starboard's position in the company is expected to be disclosed later on Wednesday in a securities filing.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Starboard Value Builds Over 9% Stake in Engineering-Materials Maker Rogers
Activist investor Starboard Value has a more than 9% stake in Rogers Corp. ROG -1.11%decrease; red down pointing triangle and plans to seek another round of changes at the engineering-materials maker to boost shares, according to people familiar with the matter. Starboard's position in Rogers is expected to be disclosed later Wednesday in a securities filing, the people said. Its specific demands couldn't be learned.
