Starboard Value Has Built Sizable Stake in Rogers Corp.: Reuters

Activist investor Starboard Value LP has amassed a sizable stake in Rogers Corp and is seeking seats on the electronics materials company’s board, Reuters reported, citing unidentified people familiar with the matter.

Starboard has been building a stake in Rogers that is nearing 5% and it plans to make at least three nominations for the 10-member board, the people told Reuters. The investor recently took stakes in cloud-based software company Salesforce, software company Splunk and website maker Wix.com, according to the news agency.

Dupont in November walked away from a $5.2 billion acquisition of Rogers after saying it was unable ...