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Catalent Inc is close to reaching a settlement with activist investor Elliott Investment Management which will include new directors and a pledge to review strategic alternatives such as a sale of ...
In May 2020 Elliott Management again pushed for Alexion to sell itself, months after the drugmaker had rejected the hedge fund's earlier demand. Elliott argues that Alexion management's actions, including a recent move to acquire Portola Pharmaceuticals for about $1.4 billion, are leading in the "wrong direction." In December, Alexion's board ...
Elliott Management is known for its aggressive pushes for change in the companies it invests in. SOPA Images/Getty Images BP shares surged 8% after an activist hedge fund took a stake in the company.
Honeywell said that it may calve its aerospace division from the conglomerate, sending shares up more than 2% before the opening bell Monday. The announcement arrives about one month after Elliott ...
The move gives Elliott, the Paul Singer-led investment fund, more leverage in its proxy fight heading into a meeting with Southwest officials next Monday. Elliott said in a regulatory filing that it owns more than 61 million shares, at least 10% of Southwest, the nation’s fourth-largest airline by revenue. Under Southwest’s bylaws, that ...
Elliott is pushing for a sale or other action on Goodyear's 1,000-plus retail stores and the installation of five new board members. The names of those board nominees could not be learned.
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies.
The activist firm Elliott Investment Management has written to Honeywell International's (NASDAQ: HON) board of directors arguing for the conglomerate's breakup. The move follows a period of ...