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Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals.. The stake makes ...
Activist investor Elliott Investment Management LP has built up a more than $2.5 billion stake in Phillips 66, and is looking for the energy company to either sell or spin off its midstream unit ...
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.
Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management. [ 1 ] [ 2 ] [ 3 ] As of March 2024, Forbes estimated his net worth at US$6.1 billion. [ 4 ]
Elliott acquired a 4% stake in CDK Global in May 2015. [61] As of September 2016, it held a 5.4% stake in the company and is the third-largest shareholder. [62] On 4 May 2016, Elliott sent a letter to CDK Board of Directors outlining steps they felt were required in order to meet projected ROI and margins.
Elliott said Southwest has failed to evolve, hurting its ability to compete with other carriers. An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO ...
In 2013, Pershing Square acquired a $2.2 billion stake in Air Products & Chemicals, [24] and nominated Matt Paull to serve on the company's board. [25] Pershing Square sold its stake in 2017. According to a letter cited by Reuters, during Pershing Square’s four-and-half-year investment, APD delivered a 104.7% total shareholder return. [26]
BP shares surged 8% after an activist hedge fund took a stake in the company. It was reported over the weekend that Elliott Management had taken a stake in the energy giant.