By Denny JacobStarbucks shares rise 5% after The Wall Street Journal reported activist investor Elliott Investment Management has built a sizable stake in the company. The Journal reported that Elliott has been pushing the coffee giant privately on ways to boost its stock price, citing people familiar with the matter. It's possible the two sides will reach an agreement privately soon, it added. The exact size of Elliott's stake and other demands, including whether it's seeking board seeks, couldn't be learned, the Journal reported. Write to Denny Jacob at denny.jacob@wsj.com(END) Dow Jones NewswiresJuly 19, 2024 15:21 ET (19:21 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.

Source: Wall Street Journal July 19, 2024 19:29 UTC