Activist Starboard Builds New Stakes in ACI Worldwide, Resideo
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Activist investor Starboard Value built new positions in payments processor ACI Worldwide Inc. and Resideo Technologies Inc. during the first quarter.
The New York hedge fund said in a regulatory filing that it owned 1.2% of ACI Worldwide and a 2.1% stake in Resideo as of March 31. Starboard also said it exited its position casino operator MGM Resorts International during the fist quarter.