Starboard Value acquired nearly 5% of Fluor, aiming to unlock shareholder value. The investor sees upside in Fluor’s engineering business and its 40% NuScale stake, boosted by AI-driven energy demand and U.S. infrastructure growth.
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Starbird Value has taken a nearly 5% stake in Floor and plans to push for changes to boost shareholder value, according to the Wall Street Journal.
00:10The $8 billion Texas-based engineering firm provides large-scale project services for industries such as oil and gas and life sciences, with shares down 3% this year.
00:19The active investor believes Floor's engineering and construction operations are undervalued compared to its 40% stake in New Scale Power.
00:25whose shares have surged nearly 180% this year amid soaring AI-driven energy demand.
00:31Starbird sees Floor as positioned to benefit from new U.S. infrastructure policies and reduce competition following peer access from the construction industry.
00:39Starbird is expected to outline its case on Tuesday at the 13D Monitor Active Passive Investor Summit in New York.
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