Web.com Issues Statement In Response To 13D Filing By Starboard Value

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Web.com Group (WEB) Gains 11% on New Starboard Stake

June 11, 2018 11:12 AM UTC

Web.com Group (NASDAQ: WEB) is gaining 10.5% Monday after Starboard Value LP disclosed a new 9.4% stake, in a 13D filing late Friday.

In a standard disclosure, Starboard said it believes shares are undervalued but said it has no current plans to influence... More