Flowserve targeted by activist Starboard, Bloomberg says

Activist investor Starboard Value has built a significant stake in Flowserve (FLS) and is speaking to the company about potential changes, people familiar with the matter told Bloomberg’s Liana Baker and David Carnevali, who add that the exact size of Starboard’s investment couldn’t be learned “We regularly engage with shareholders and prospective investors to hear their views and appreciate their perspectives. As a matter of practice, we do not comment on the specifics of our discussions,” a representative for Flowserve said in a statement.