Deals
Health Data Firm Cerner Gains After Reaching Deal With Activist Starboard
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Cerner Corp., the health-care data and records company, said it will increase its margin targets, buy back shares and add four new board members after reaching an agreement with the activist investment fund Starboard Value.
Along with a new $1.2 billion buyback program, Cerner plans to start paying a dividend, it said in a statement. Shares of the North Kansas City, Missouri-based company rose as much as 16 percent, the biggest intraday gain since October 2012.