Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Activist Jeff Smith Sends Letter to Calgon Carbon, Calls For Buyback & MLP Conversion

In a newly amended 13D filing with the SEC, Starboard Value reported a 9.7% stake in Calgon Carbon Corporation (NYSE:CCC). The activist hedge fund, managed by Jeff Smith, sent a letter to the company, calling for a “large” stock buyback and the conversion of its U.S. activated carbon assets into an MLP.

Jeff Smith

See the letter below:

Starboard Value’s Letter to Calgon Carbon Corporation

Disclosure: none

Recommended Reading:

A Buffett-worthy Brand to Buy

Seth Klarman, Baupost Group Raise Stake in Idenix to 27.6%

Peter Kolchinsky’s RA Capital Boosts Stake in Achillion to 21.2%