A recent development in the business world has been reported by Bloomberg News. Activist investor Starboard Value has taken a new position in Shake Shack. This information was made public on Wednesday.

The news was attributed to the hedge fund's CEO, though no additional details were provided in the initial report. For those interested in learning more about this development, further information is available from the source. The report from Bloomberg News is the basis for this update, and locals can refer to the original article for any additional context or details that may be available.