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Investor's Business Daily

Investor's Business Daily

Starbucks Targeted By Hedge Fund; Bank Stock Soars On M&A Deal

Investor's Business Daily
Summary
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86% Informative

KeyCorp agrees to sell 14.9% stake to The Bank of Nova Scotia for about $2.8 billion .

Starbucks stock rose 2.5% early Monday following reports that activist investor Starboard Value has bought in to the coffee chain.

Elsewhere, KeyCorp announced that it agreed to sell a nearly 15% stake in the Cleveland -based bank.