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Springfield, MO
Activist investor Starboard Value is seeking a turnaround at Pfizer, in which it's amassed a $1 billion stake, people familiar with the matter told CNBC.
Starboard has reportedly approached former Pfizer CEO Ian Read and ex-finance leader Frank D'Amelio for the effort.
Pfizer's stock is trading about 30% lower than it did in 2019.
Read more from CNBC.
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