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Salesforce shares jump on report that Starboard has taken a stake

UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING

UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING

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REUTERS writes: Starboard Value LP has secured a stake in Salesforce, the activist investment firm’s founder, Jeff Smith, told CNBC.

“Shares of the software firm rose more than 7% in trading before the bell. Salesforce and Starboard did not immediately respond to Reuters’ requests for comment,” it added.

More: Here’s the CNBC story.

PS: CRM stock up 4.25% to $153.44 at 13.11 EST vs Nasdaq Composite up 0.65% to $10,745.59 at the same time.

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