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  • Activist investor Elliott reported buys stake in British oil major BP, shares soar

    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.

  • Activist investor Elliott Management takes stake in Salesforce

    Activist investor Elliott Management takes stake in Salesforce

    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 reaches deal with activist Elliott; Steinberg to join board

    Pinterest reaches deal with activist Elliott; Steinberg to join board

    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.

  • Elliott Management exited Twitter during second quarter amid takeover frenzy

    Elliott Management exited Twitter during second quarter amid takeover frenzy

    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.

  • Nielsen contacted more than 30 parties during go-shop, no bids made

    Nielsen contacted more than 30 parties during go-shop, no bids made

    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.

  • Hedge fund Elliott says stocks could fall 50% from February highs: Letter

    Hedge fund Elliott says stocks could fall 50% from February highs: Letter

    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.

  • SoftBank unveils $4.8 bn buyback after stock tumble, pressure from Elliott

    SoftBank unveils $4.8 bn buyback after stock tumble, pressure from Elliott

    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.

  • Hyundai Motor shareholders vote against Elliott dividend proposal

    Hyundai Motor shareholders vote against Elliott dividend proposal

    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".

  • Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends

    Cognizant Q4 net dips 1.8%; okays $3.4bn in buybacks,dividends

    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 Cognizant, other IT cos get requests of share buy back

    After Cognizant, other IT cos get requests of share buy back

    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.

  • Samsung Electronics surges to record high on payout growth hopes

    Samsung Electronics surges to record high on payout growth hopes

    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.

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