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Report: Activist investor seeks turnaround at Pfizer

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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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