Activist investor Starboard takes stake in Outback Steakhouse owner Bloomin ' Brands

Activist investor Starboard Value has taken a nearly 10% stake in Bloomin' Brands, the parent company of restaurant chain Outback Steakhouse. Shares of Bloomin' Brands climbed more than 7% in Friday midday trading. The stock is up about 40% in the year to date. Bloomin' Brands, which is based in…#activist #starboardvalue #bloominbrands #outbacksteakhouse #tampa #florida #carrabba #italian #bonefishgrill #starboard

Source: Reuters: Health - August 18, 2023 Category: Consumer Health News Source Type: news