Elliott Investment Management and Starbucks in Settlement Talks

Starbucks and Activist Investor Discuss Equity and Management Changes

**WEB August 12, 2024 at 11:28 AM EDT**

Elliott Management's Potential Influence on Starbucks

Activist investor Elliott Investment Management is reportedly seeking to bring Jesse Cohn, an equity and managing partner in the firm, onto Starbucks' board of directors. This move is part of a broader discussion between Elliott and Starbucks regarding a potential settlement.

Starbucks' Performance Under Elliott's Influence

Elliott has accumulated a significant stake in Starbucks, signaling its belief in the company's long-term potential. The firm's influence could lead to changes in Starbucks' strategy and management, aiming to enhance its financial performance and shareholder value.

Outlook for Starbucks and Elliott

Analysts believe that the settlement talks could result in a more collaborative relationship between Elliott and Starbucks. Cohn's addition to the board could bring fresh perspectives and expertise, potentially driving operational and financial improvements. Investors are watching closely as the discussions progress.

Starbucks Stock Performance

Starbucks shares have reacted positively to the news of Elliott's involvement. The stock price has seen a significant increase, indicating investor optimism about the potential changes that may arise from the settlement.

Disclaimer

This article is for informational purposes only and should not be construed as investment advice. Always consult with a financial professional before making any investment decisions.