Starboard Value, TriQuint Semiconductor:
In an amended 13D filed a couple of minutes ago, Jeff Smith's Staboard Value reported boosting its position in TriQuint Semiconductor (NASDAQ:TQNT) to around 12.5 million shares, which represent 8% of the company. In a previous filing, Staboard disclosed holding 9.8 million shares of the company.
In a new amendment filed with the SEC this morning, Starboard revealed a letter that it sent to TriQuint's board of directors. The letter is attached below, and it discusses the various "value creation" scenarios that the activist seeks for in this company.
Starboard-TriQuint Activist Letter