Autodesk responds to Starboard Value, says engaging in ‘good faith’

Autodesk (ADSK) issued the following statement in response to comments made by Starboard Value: “Autodesk is delivering strong business and financial results, positioning us to drive significant shareholder value. Our strategy is working, as evidenced by our recent performance. We have also proactively strengthened our Board of Directors, including the recent appointments of two independent directors with demonstrated track records of value creation. We remain highly committed to ongoing, constructive dialogue with our shareholders, having engaged with investors representing more than 50% of our outstanding shares. Despite persistent and concerning tactics by Starboard during its self-serving campaign-including repeated misrepresentations and selling down nearly half of its position mid-campaign-we have continued to approach engagement in good faith.”