UPDATE 1-Starboard reports 5.7 pct stake in contract research firm Parexel
May 11, 2017 at 07:03 AM EDT
May 11 (Reuters) - Activist investor Starboard Value LP reported a 5.7 percent stake in Parexel International Corp on Thursday, calling the U.S. contract research firm's shares "undervalued" and that it represented an attractive investment opportunity.