Activist Starboard Takes Big Stake in Construction Firm

The Wall Street Journal•Monday, October 20, 2025 at 10:00:00 PM

Activist investor Jeff Smith's firm, Starboard, has acquired a significant stake in construction giant Fluor. This move is noteworthy as it signals Starboard's intention to encourage Fluor to explore strategic options regarding its investment in NuScale, a company focused on innovative nuclear energy solutions. This could lead to transformative changes in Fluor's operations and potentially enhance its market position, making it an important development in the construction and energy sectors.

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