T. Rowe Price (TROW) Investment Management plans to support activist Starboard Value's director nominees for the board of Autodesk (ADSK), Reuters reported Tuesday, citing a person familiar with the matter.
T. Rowe Price Investment Management owned about 1.1% of Autodesk's stock at the end of Q4, making it the company's 14th largest stakeholder, the report said.
Starboard is attempting to rally voters to oppose Autodesk's management team at a proxy vote scheduled for June, the report said.
T. Rowe Price Investment Management and Autodesk did not immediately reply to MT Newswires' requests for comment.
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