On Friday, British pharma giant GlaxoSmithKline said, it plans to set up a new life sciences campus within its R&D site in Stevenage, England, by raising up to $552.76 million (400 million pounds) by selling some land at the facility. In… Read More ›
In Wednesday’s annual general meeting, SAP is expected to focus on its restructuring program that will mold it into a digital platform business. On Wednesday, Bill McDermott, the CEO of German business software firm SAP told shareholders that it is… Read More ›
Elliot is pushing Pernod Ricard to boost its margin and growth potential and come on par with its British rival Diageo; it also wants better corporate governance from the group. Despite stating that French drinks group Pernod Ricard’s results were… Read More ›
The bidding war for Sky’s assets are set to intensify in September, with Sept. 22 being the closing date for any such bid. British antitrust regulators have disclosed that Elliott Management believes Sky’s valuation is more than $34 billion, higher… Read More ›
Elliot Management and Swedish activist investor Cevian are pushing for Thyssenkrupp to continue on its path of “structural evolution”, a change in its overall strategy as well as appointing a permanent CEO. In a move that is aimed at changing… Read More ›
The price cut comes midst political headwinds and issues stemming from new competition and corporate governance. With Berenberg cut its price target on Telecom Italia (TIM), citing headwinds stemming from governance issues and new competition, TIM’s share prices fell more… Read More ›
New York-based Elliot Management is seeking an ISDS with South Korea so as to recover losses it made during the merger of the two Samsung affiliates. On Tuesday, an official from the South Korean government stated, U.S. activist investor Elliott… Read More ›
The measure is part of a wider scheme to boost shartholder’s returns. On Friday, in a development that marks its first share cancellation in fourteen years, Hyundai Motor stated it plans on canceling treasury shares worth $890 million (960 billion… Read More ›
Elliott Advisors is a unit of U.S. activist investor Elliot Management. In the second such incident in recent months, a unit of Elliott Management, a U.S. activist hedge fund, stated it now holds the largest stake in British hotel and… Read More ›
The activist hedge fund got a seat in Citrix’s board in 2015. The company is now looking for strategic alternatives, including a potential sale. According to people who choose to remain anonymous, Citrix Systems Inc, is looking for strategic alternatives,… Read More ›
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