Starboard comes aboard at MWV, urges cut in overhead and sales of chemicals, land

摘要

Activist investor Starboard Value reported it is one of the largest equity owners in packaging giant MeadWestvaco (MWV), and urged a cut in corporate expenses and the sale of some of its businesses to improve fi-nancials and benefit shareholders. Starboard said it now holds a 5.6% stake in MWV.