Acacia Research (ACTG) Reports Q4 EPS of $1.33
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Acacia Research Reports Fourth Quarter and Full-Year 2020 Financial Results
March 29, 2021 8:00 AM EDTBook Value as of December 31, 2020 Increases to $292.5 Million, or $5.94 Per Share
NEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) today reported results for the three and 12-month period ended December 31, 2020.
Clifford Press, Chief Executive Officer, stated, During the year, we completed our first transaction in our strategic partnership with Starboard Value LP (Starboard), and acquired a portfolio of late-stage life science assets, increasing our book value by more than $117.5 million. After acquiring this portfolio for $282.3 million, we sold several holdings to recover $188.5 million while retaining assets which were... More
