The development, if confirmed, could see transformative changes at BP going forward, as the investor may look to enhance shareholder value. Elliott reportedly believes BP is 'undervalued', and the oil major's performance has been disappointing.
Earlier this year Salesforce Inc said it plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with a bloated workforce amid an economic slowdown.
Pinterest CEO Bill Ready, who took the job in June, called the deal with Elliott a "one-of-a-kind agreement" and said the company "appreciates the perspective" Steinberg, Jesse Cohn, a managing partner at Elliott, and others at the firm bring.
The filing on Monday, showed that Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter.
The consortium, which includes Elliott Management's private equity unit and Brookfield Asset Management, in March offered to pay $28 a share for the TV rating firm.
Elliott's portfolio managers have bought some stocks and bonds recently, but the firm said it was too soon to call an all-clear for markets.
The plan to buy back up to 7 percent of its shares for as much as 500 billion yen ($4.8 billion) announced by SoftBank on March 13 comes as the Japanese investment group's shares have tumbled by about a quarter just in March.
Elliott Management had called for a hefty special dividend and a board shake-up at Hyundai Motor Group, South Korea's No.2 family-run conglomerate, to address its "poor governance" and "excess cash".
US-based IT major Cognizant today posted a 1.8 percent fall in net profit at USD 416 million for the December quarter, while its board okayed a plan to return USD 3.4 billion to shareholders over two years.
After hedge fund Elliott Management asked for increased share buy backs at Cognizant, other domestic and foreign institutional investors are also demanding the same from the IT giants.
Under pressure from US activist hedge fund Elliott Management, the world's top maker of smartphones, memory chips and televisions said on Tuesday it planned to return 50 percent of its free cashflow in 2016 and 2017 and offered a 36 percent rise in total 2016 dividends.