Starboard Delivers Letter to Cars.com Board of Directors
NEW YORK, Dec. 10, 2018 /PRNewswire/ -- Starboard Value LP (together with its affiliates, "Starboard"), one of the largest shareholders of Cars.com Inc. (NYSE: CARS) ("CARS" or, the "Company") today announced that it has delivered a letter to Scott Forbes, Chairman of the Company's Board of Directors (the "Board"), and to CEO Alex Vetter, with copies to the Board.
The full text of Starboard's letter to the Chairman of the Board can be viewed at the following link:
About Starboard Value LP Starboard Value LP is a New York-based investment adviser with a focused and differentiated fundamental approach to investing primarily in publicly traded U.S. companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
Investor contacts: Peter Feld, (212) 201-4878 Tom Cusack, (212) 201-4814 www.starboardvalue.com
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