Starboard Value, an activist investor, is currently focused on Outback Steakhouse owner Bloomin’ Brands, Lauren Thomas of The Wall Street Journal report. Starboard currently has a more than 5% stake in Bloomin’ Brands, making it a top-five shareholder for the company, people familiar with the matter told the Journal. It is not yet known what changes Starboard may push for at Bloomin’ Brands.
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