Starboard Value discloses Autodesk stake, plans lawsuit to delay annual meeting


The seal of the Court of Chancery for the State of Delaware is seen on a wall in the Sussex County Court of Chancery in Georgetown, Delaware, U.S., June 9, 2021. REUTERS/Andrew Kelly

(Reuters) -Activist investor Starboard Value disclosed a more than $500 million stake in Autodesk on Monday and said it would sue the design software maker to delay its annual meeting after a recent accounting probe hit its shares.

Starboard said it had "significant concerns" over Autodesk's operations, governance and accountability to investors.

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