Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Starboard Value Sends Letter to Match Group Regarding Opportunities to Substantially Increase Shareholder Value By: Starboard Value LP via Business Wire July 16, 2024 at 07:00 AM EDT Believes Match is a Growing, High-Quality Market Leader with an Enviable Position in the Expanding Online Dating Market Lays Out Initiatives for Improving Growth, Profitability, and Capital Allocation Following Long-Term Share Price Underperformance Outlines Opportunity for Match to Generate $5.50+ of Free Cash Flow Per Share in 2026 and Create Significant Shareholder Value, But Urges the Board to Remain Open to Strategic Alternatives if a Turnaround Proves Challenging Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQ: MTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives. The letter can be accessed at https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. View source version on businesswire.com: https://www.businesswire.com/news/home/20240716279903/en/Contacts Investor Contacts: Peter Feld, (212) 201-4878 Gavin Molinelli, (212) 201-4828 www.starboardvalue.com Media Contacts: Longacre Square Partners Greg Marose / Charlotte Kiaie, (646) 386-0091 starboard@longacresquare.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Starboard Value Sends Letter to Match Group Regarding Opportunities to Substantially Increase Shareholder Value By: Starboard Value LP via Business Wire July 16, 2024 at 07:00 AM EDT Believes Match is a Growing, High-Quality Market Leader with an Enviable Position in the Expanding Online Dating Market Lays Out Initiatives for Improving Growth, Profitability, and Capital Allocation Following Long-Term Share Price Underperformance Outlines Opportunity for Match to Generate $5.50+ of Free Cash Flow Per Share in 2026 and Create Significant Shareholder Value, But Urges the Board to Remain Open to Strategic Alternatives if a Turnaround Proves Challenging Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQ: MTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives. The letter can be accessed at https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. View source version on businesswire.com: https://www.businesswire.com/news/home/20240716279903/en/Contacts Investor Contacts: Peter Feld, (212) 201-4878 Gavin Molinelli, (212) 201-4828 www.starboardvalue.com Media Contacts: Longacre Square Partners Greg Marose / Charlotte Kiaie, (646) 386-0091 starboard@longacresquare.com
Believes Match is a Growing, High-Quality Market Leader with an Enviable Position in the Expanding Online Dating Market Lays Out Initiatives for Improving Growth, Profitability, and Capital Allocation Following Long-Term Share Price Underperformance Outlines Opportunity for Match to Generate $5.50+ of Free Cash Flow Per Share in 2026 and Create Significant Shareholder Value, But Urges the Board to Remain Open to Strategic Alternatives if a Turnaround Proves Challenging
Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQ: MTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives. The letter can be accessed at https://www.starboardvalue.com/presentations. About Starboard Value LP Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders. View source version on businesswire.com: https://www.businesswire.com/news/home/20240716279903/en/
Investor Contacts: Peter Feld, (212) 201-4878 Gavin Molinelli, (212) 201-4828 www.starboardvalue.com Media Contacts: Longacre Square Partners Greg Marose / Charlotte Kiaie, (646) 386-0091 starboard@longacresquare.com