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Starboard Value reaches agreement with Healthcare Realty Trust Incorporated (HR)

Key Summary: On December 8, 2024, Starboard Value LP (5.6%) reached an agreement with the company to replace three directors with its nominees, nominate them for the 2025 Annual Meeting, and include them in the CEO search process.

Market Cap: $6.1 billion | Healthcare Realty (NYSE: HR) is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. 

On December 8, 2024, Starboard Value LP (5.6%) entered into an agreement with the company regarding board composition and governance. The company agreed to replace three directors with Starboard's nominees, nominate them for the 2025 Annual Meeting, and involve them in the CEO search process.

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