U.S. hedge fund Elliott Management will be closing its office in Hong Kong. It has shifted responsibility for Asian investment decisions to London and Tokyo in the last three years. According to a source familiar with the matter at hand,… Read More ›
On Monday, SoftBank Group Corp stated, Alibaba co-founder Jack Ma will resign from its board. Jack Ma’s departure is the latest high profile departure from Softbank’s board. Ma, who retired as Alibaba’s executive chairman in September 2019, is increasingly pulling… Read More ›
The move is part of a broader push aimed at enhancing shareholder’s value and can be attributed to Elliot Management’s pressure on the South Korean tech giant. On Friday, Samsung Electronics Co Ltd disclosed it will be cancelling its shares… Read More ›
Athenahealth’s subscription-based cloud service tracks the revenues of hospitals, physicians and patients. According to sources familiar with the matter at hand, activist hedge fund Elliott Management and private equity firm Veritas Capital have agreed to acquire Athenahealth Inc, a U.S…. Read More ›
Defending its management of Telecom Italia (TIM), Elliott stated TIM’s board has only partially adopted its recommendations. Vivendi, TIM’s top shareholder, and Elliott have fought to control Tim’s board. In the article below, Elliott defends its stands and points out… Read More ›
Tune in to the M&A channel to view the latest in the top prime time drama over Britain’s Sky. Topping Rupert Murdoch’s Twenty-First Century Fox’s bid for Britain’s Sky, Comcast Corp raised its offer to $32.5 billion. Previously, Fox had… Read More ›
J. Tomilson Hill, billionaire art collector, the firm’s esrtwhile Chief executive, has passed the baton to John McCormick; Hill will remain as its chairman. Having being at the helm of the world’s biggest hedge fund, with around $74 billion in… Read More ›
GE will buy the outstanding shares from those owned by Elliott Management and the Polygon Investment Group. On Wednesday, GE disclosed it will increase its stake in Arcam AB, a Swedish 3D printer maker, to more than 90%, from 77%…. Read More ›
Having acquired a stake of 15.4%, Elliott Management’s bid for Gigamon has currently stalled due to its offer price being below Gigamon’s currently traded share price of $43.55. As per sources familiar with the matter at hand, Elliott Management’s attempt… Read More ›
This is indicative that the money fuelling dirty fossil fuels will be better utilised elsewhere. This could also give rise to a slew of lawsuits that oil companies have been misleading shareholders on the impact of their business on global… Read More ›
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