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Starboard reports stake in MeadWestvaco, says shares undervalued
June 2, 2014 / 12:00 PM / in 4 years

Starboard reports stake in MeadWestvaco, says shares undervalued

June 2 (Reuters) - Activist investor Starboard Value LP reported a 5.6 percent stake in MeadWestvaco Corp and said the packaging materials maker’s stock was “deeply undervalued.”

MeadWestvaco's management should take appropriate actions to improve operating margins, explore a separation of non-core assets and improve capital allocation, Starboard said in a letter to the company released on Monday. (r.reuters.com/nep79v) (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Kirti Pandey)

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