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

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