Starboard Value, Beneficially Owning About 6.6% Of Shares Of Match, Sends Letter To Match Group
(RTTNews) - Starboard Value LP, which holds approximately 6.6% of the outstanding common shares of online dating service company Match Group, Inc. (MTCH), announced Tuesday it sent a letter to the Company's Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value.
In addition, the letter lays out Starboard's view that Match should explore a sale in the event the Company's leadership is unable to execute on the prescribed value-enhancing initiatives.
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