-
GE's Textbook Financial Discipline In Bidding For SLM Solutions
Thursday, October 27, 2016 - 10:19am | 375Read More...General Electric Company (NYSE: GE) proposed in early September to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group for $1.4 billion. Elliott Management, an activist investor and SLM Solutions shareholder initially opposed the deal, arguing the proposed...
-
Polycom Surges 8% Following Bloomberg Report Company Is An Acquisition Target
Wednesday, April 6, 2016 - 10:00am | 269Read More...Shares of Polycom Inc (NASDAQ: PLCM) surged higher by more than 8 percent Wednesday morning following a Bloomberg report the company is an acquisition target. According to Bloomberg's sources, Mitel Networks Corp (NASDAQ: MITL) is in advanced merger talks with Polycom in a deal that could value the...
-
Qlik Technologies Jumps 7% Amid Potential Sale
Monday, March 28, 2016 - 7:29am | 181Read More...Shares of Qlik Technologies Inc (NASDAQ: QLIK), a provider of user-driver business intelligence solutions, were trading higher by more than 7 percent early Monday morning. Reuters on Friday reported Qlik Technologies is exploring strategic alternatives, including a sale of itself as the company...
-
Symantec Surges As Activist Investor Is Building A Large Stake
Friday, February 5, 2016 - 10:46am | 264Read More...Shares of Symantec Corporation (NASDAQ: SYMC) were trading higher by nearly 10 percent ahead of Friday's opening bell after the company announced it has received a $500 million strategic investment by Silver Lake. In connection with Silver Lake's investment, the company's Board of...
-
Dell + EMC = VMware Unchained?
Thursday, October 8, 2015 - 3:57pm | 512Read More...Credit Suisse believes that a potential Dell Inc. (NASDAQ: DELL)/EMC Corporation (NYSE: EMC) merger makes more sense if VMware, Inc. (NYSE: VMW) is first spun out. A spinout would open up the door for VMware to be more aggressively competitive with EMC and other storage rivals. Credit Suisse also...
-
Calls Of Note: The Research Moving The Market On Wednesday
Wednesday, August 12, 2015 - 10:56am | 1342Read More...The following represents a hand-picked selection of notable research curated by an analyst known in some circles as "The Sith Overlord Of The Street." Morgan Stanley: Upgrading Google To Overweight Brian Nowak of Morgan Stanley upgraded shares of Google Inc (NASDAQ: GOOG) (NASDAQ:...
-
Citrix's Combined Business Is Worth $99 Per Share: Bernstein
Wednesday, August 12, 2015 - 10:39am | 382Read More...In a report published Tuesday, Bernstein analyst Mark Moerdler crunched up a valuation model for Citrix Systems, Inc. (NASDAQ: CTXS) "New Citrix plan" which has the backing of activist investor (and Board member) Elliott Management. "The company is shaking up the board, the...
-
Has Delivering Alpha Delivered So Far?
Wednesday, July 15, 2015 - 3:17pm | 583Read More...The fifth annual Delivering Alpha conference kicked off this morning in New York, and today’s conference lineup includes Pershing Square Capital Management’s Bill Ackman, Elliott Management’s Paul Singer, Trian Fund Management's Nelson Peltz and Icahn Enterprises LP (NASDAQ: IEP...
-
Elliott Management A 'Possible Snag' In Alcatel-Nokia Deal, Wells Fargo Warns
Monday, June 29, 2015 - 1:51pm | 307Read More...Elliott Management's recently acquired 1.3 percent equivalent stake in Alcatel Lucent SA (NYSE: ALU) could be a prelude to activist moves to boost Alcatel's share price, an analyst said Monday. Alcatel agreed earlier this year to be acquired by Finland-based Nokia Corporation (NYSE: NOK...
-
Citrix: 'But Wait, There' More!' Says Wall Street
Friday, June 12, 2015 - 11:44am | 560Read More...Shares of Citrix Systems, Inc. (NASDAQ: CTXS) were trading higher by more than 2 percent after Friday's market open. Investors and traders remain bullish on the issue after activist investing firm Elliott Management delivered a letter to the company's board of directors on Thursday. The activist...
-
Elliott Management Made Citrix Investors Very Happy Today
Thursday, June 11, 2015 - 4:31pm | 322Read More...Shares of Citrix Systems, Inc. (NASDAQ: CTXS) closed on Thursday up nearly 7 percent. Investors were buying the stock after activist investor Elliott Management delivered a letter to the company's Board of Directors urging the company to explore strategic alternatives that could boost...
-
Elliott Management On Gold, Currency Debasement And Severe Inflation
Thursday, November 6, 2014 - 1:46pm | 306Read More...In its third quarter letter to shareholders, Elliott Management indicated that is has been and will remain long on gold, regardless of recent price action. The firm’s long position is not because it is seeking to speculate on short-term price movements. Rather, it holds gold as a hedge...
-
Elliott Management's Shareholder Letter Equities Highlights
Thursday, November 6, 2014 - 1:42pm | 524Read More...Elliott Management Corporation recently issued its Q3 2014 shareholder letter. Below are some highlights from the letter on publicly traded companies in which Elliott holds an ownership position. Hess Corp. (NYSE: HES) “Despite trading down modestly, Hess outperformed its peers...
-
Citigroup, William Blair, FBN Securities & Lake Street Comment On Riverbed Technology's Strategic Options
Friday, October 10, 2014 - 7:28am | 319Read More...Riverbed Technology, Inc. (NASDAQ: RVBD) traded higher Thursday on news that it would undertake a comprehensive review of strategic options. This was welcome news to activist investor Elliot Management. Jesse Cohn, portfolio manager at Elliott Management, commended “the Board for...
-
CNBC's David Faber: Hewlett-Packard Company, EMC Corporation Deal 'Unlikely, But Still Possible'
Wednesday, October 8, 2014 - 12:03pm | 208Read More...CNBC's David Faber, citing sources familiar with the story, said that Hewlett-Packard Company (NYSE: HPQ) and EMC Corporation (NYSE: EMC) are still working on due diligence over a potential deal. The news anchor also said that sources familiar with the deal are saying that a combination of...
