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Cerner gives activist Starboard four board sets, boosts buybacks by $1.2 billion

( April 9, 2019, 13:20 GMT | Official Statement) -- MLex summary: Health care technology provider Cerner has entered into a cooperation agreement with shareholder Starboard Value under which the company will appoint four new directors and boost its buyback program by $1.2 billion. The plan also includes operational improvement initiatives and commitments for specific operating margin targets, according to a statement. Starboard owns 1.2 percent of Cerner's outstanding shares. Cerner's shares traded up more than 10 percent on pre-market trading Tuesday.Full statement....

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