DALLAS — Read from our content partners at the Dallas Business Journal.

Activist investor Starboard Value has taken a significant stake in Irving-based engineering giant Fluor Corp. and is calling on the company to make changes to its business model.

Starboard on Oct. 21 posted online a 35-page presentation outlining its plan for Fluor. It said, in part, that Fluor could "unlock significant value for shareholders" by separating itself from its stake in NuScale. Starboard suggested two options for monetizing Fluor's stake in NuScale: a tax-free spin-off or a taxable separation through open-market sales, exchange offers or a mandatory exchangeable bond.

Fluor, which ranks as the 15th-largest public company in North Texas by annual revenue and is No. 257 on the Fortune 500, adv

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