Starboard Takes 9% Stake in Rogers Corporation, Plans for Further Changes

Starboard Value has acquired a 9% stake in Rogers Corporation and plans to push for further changes to boost shares, according to the Wall Street Journal. The activist investor aims to drive value and potentially unlock long-term potential for the company.

Activist investor Starboard Value has taken a significant step in its engagement with Rogers Corporation by acquiring a 9.3% stake in the advanced materials maker. This move comes on the heels of a series of reports indicating that Starboard is seeking to push for changes at the engineering-materials company to boost shareholder value [1].

Rogers Corporation, with a market value of approximately $1.3 billion, produces materials used in electric and hybrid cars, personal electronics, and other industrial applications. The company has been the subject of interest from activist investors who believe the stock is undervalued and represents an attractive investment opportunity [2].

Starboard's latest filing confirms that the activist investor has built a substantial stake in Rogers, with shares of the company rising by 10% in extended trade following the announcement. However, the stock has fallen more than 30% so far this year, indicating the market's current sentiment towards the company [2].

Starboard's plans include seeking further changes at Rogers to drive value and potentially unlock long-term potential for the company. The activist investor has previously entered into an agreement with Rogers regarding the composition of its board and other matters. Following this agreement, Starboard has been engaged in discussions with Rogers' management and board regarding opportunities for value creation [2].

This latest development highlights the ongoing efforts by Starboard to influence Rogers' strategic direction and potentially improve its financial performance. Investors and financial professionals should closely monitor the situation as it unfolds, as it could have significant implications for Rogers Corporation's stock price and overall market standing.

References:
[1] https://finance.yahoo.com/m/0a770349-3ee3-3aa1-b3d8-1f0c4ec36a49/starboard-value-builds-over.html
[2] https://www.tradingview.com/news/reuters.com,2025:newsml_L4N3TY2DI:0-activist-investor-starboard-builds-over-9-stake-in-rogers/