Elliott Management

GlaxoSmithKline Plc (NYSE: GSK) appeared to dodge a potential shakeup last week when Elliott Management said it would not push the sale of its vaccines and pharmaceuticals business or push to slash R&D spending. But now, the activist firm is reportedly raising questions about...

Activist investor Elliott Management Corp is looking to jump aboard the blank check company bandwagon, the Wall Street Journal reported Sunday. What Happened: The Paul Singer-founded company has held discussions with bankers to raise a billion dollars for the special purpose acquisition company,...

Elliott Management Corp. is putting renewed pressure on Swiss baking company Aryzta AG (OTC: ARZTY) to sell. What Happened: The activist investor firm run by Paul Singer has made a firm offer and secured financing from seven banks, Bloomberg reported today, citing people familiar with the matter....

Elliott Management exited AT&T Inc (NYSE: T) in the third quarter of 2020, according to its latest 13F filing. The Paul Singer-founded activist hedge fund sold 5 million AT&T shares in Q3, valued at $151.15 million as of the previous quarter's end. Other...

SoftBank Group Corp (OTC: SFTBY) is reportedly considering a full or partial sale of its British chipmaker subsidiary Arm Holdings, according to a Wall Street Journal report Monday. What Happened The Journal’s sources said SoftBank’s discussion is still at an early...

Twitter Inc. (NYSE: TWTR) named Patrick Pichette, a former Google executive as the board's chairperson, bringing an outsider to lead its board for the first time ever. What Happened Pichette, who served as a chief financial officer at Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) owned...

New York-based hedge fund founder and CEO Paul Singer believes that amid the COVID-19 outburst, stocks across the world might see a value erosion from its February high levels. What Happened "A 50% or deeper decline from the February peak levels might be the ultimate path of global stock...

SoftBank Group Corp. (OTC: SFTBY) has said its Board of Directors has decided to buy back 7% of total shares, excluding treasury stock, worth $4.8 billion (500 billion yen). What Happened SoftBank will repurchase 7% of its total stock in a second major buyback after coming under pressure from...

Twitter Inc. (NYSE: TWTR) chief executive officer Jack Dorsey will continue in his role, as a "cooperation agreement" signed with Elliott Management. What Happened The social media company on Tuesday said it would buy back $2 billion, or about 7.9% of its shares, as part of the agreement...

Hedge fund and activist investor Elliott Management Corp. expanded its long-held stake in SoftBank Group Corp - ADR (OTC: SFTBY) last year to about 3%, according to The Wall Street Journal. The $2.5 billion bet makes SoftBank one of Elliott’s largest investments. “Elliott’s...

Activist investor Starboard Value sent a letter to eBay Inc (NASDAQ: EBAY) on Tuesday calling the company ‘'deeply undervalued,” and said it sees significant opportunities through operational and strategic initiatives. Last year, eBay agreed to sell its ticketing unit...

Elliott Management Corporation sold all its shares in Hyundai Motor Group (OTC: HYMTF) companies last year, following its failed attempts to boost dividends and gain board seats at the South Korean family-run conglomerate. The U.S. hedge fund’s name was not found in any of Hyundai Motor...

Influential media analyst Craig Moffett of MoffettNathanson downgraded AT&T Inc.(NYSE: T) rating to Sell — a recommendation CNBC's Jim Cramer doesn't agree with. Cramer Says AT&T Bulls Aren't Banking On Guidance  Moffett's bearish stance on AT&T...

AT&T Inc. (NYSE: T) shares traded higher by 5% on Monday to kick off what could be the biggest week of 2019 for the company. On Monday, a flurry of large AT&T option trades were more bearish than bullish, suggesting smart money is expecting AT&T to underperform following its highly...

AT&T Inc. (NYSE: T) is ready to bargain with an activist hedge fund demanding improvements. In response to Elliott Management’s September letter, management announced Monday it will embrace a more disciplined acquisition strategy and review its portfolio to identify potential asset sales...