RealD Shares Soar After Starboard Value Offers To Buy It

Shares in the 3D technology company are up about 20% in post market trading after Jeffrey Smith's activist hedge fund said it has bought 9.9% of RealD's shares and offered to buy the company. Starboard Value would pay $12 a share, a 29% premium over today's closing price.  Starboard says in an SEC filing that it told CEO Michael Lewis in a letter that the fund doesn't think RealD “is best positioned to execute against its future opportunities as a public company.” What's…

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