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Aug 05, 2026
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Starboard Value Invests in Shake Shack

OBBM Network Editorial Staff
August 5, 2026
Starboard Value Invests In Shake Shack

Activist investor Starboard Value has built a new stake in Shake Shack, Bloomberg News reported on Wednesday, citing the hedge fund’s CEO Jeff Smith. Shares of the company rose 11% in afternoon trading.

Starboard has a position of several hundred million dollars in Shake Shack, Smith said in an interview on Bloomberg TV. Starboard and Shake Shack did not immediately respond to Reuters request for comment.

Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.

OBBM Network Editorial Staff

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