Elliott Management

Activist investor Elliott Investment Management scored a victory on Monday when Institutional Shareholder Services recommended investors elect all four of Elliott’s director nominees to the Phillips 66 (NYSE:PSX) board, bolstering the hedge fund’s campaign for strategic changes at the...

Ken Griffin's hedge fund Citadel has placed a £305 million ($390 million) short bet against GSK PLC (NYSE:GSK), marking the largest wager against the UK pharma giant in over a decade, reported the Financial Times. The position, disclosed to the UK's Financial Conduct Authority, amounts to 0.51% of...

Elliott Investment Management and Southwest Airlines (NYSE:LUV) have begun discussing a potential settlement that could avoid a proxy fight for control of the airline company’s board. What Happened: Elliott has proposed a plan that involves giving it representation on the airline’s...

The restructuring of Elliott Management has led to a significant exodus of its senior employees, with at least nine former staffers launching their funds since 2021. Why It Matters: The changes at Elliott Management have led to the firm’s ex-employees opting to start their funds. This...

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:SBUX), which recently announced a new CEO. A new 13F filing reveals three other key areas Elliott is increasing focus on. Match Group: Online dating company Match Group Inc...

Starbucks (NASDAQ:SBUX) analysts are mixed Tuesday on what the addition of Brian Niccol, previously CEO and Chairman of Chipotle Mexican Grill (NYSE:CMG), could mean for the coffee chain. The Starbucks Analysts: Wedbush analyst Nick Setyan maintained a Neutral rating on Starbucks with an $80 price...

Consumer habits, return-to-office and an activist stake are likely to be key topics for investors when coffee retailer Starbucks Corporation (NASDAQ:SBUX) reports third-quarter financial results Tuesday after market close. Earnings Estimates: Analysts expect Starbucks to report third-quarter...

Two airline companies will report quarterly financial results Thursday, before market open. The results and comments on the Microsoft Outage could impact the entire airline sector going forward. Microsoft Outage: An update from CrowdStrike Holdings (NASDAQ:CRWD) caused chaos for Microsoft...

Southwest Airlines Company (NYSE:LUV) has implemented a limited-duration shareholder rights plan in response to an 11% stake by Elliott Investment Management. Gary Kelly, Executive Chairman of the Board, said, “In light of the potential for Elliott to significantly increase its position in...

Activist investor Elliott Investment Management has taken a bold stance, buying a $2 billion stake in Japanese conglomerate SoftBank Group Corp (OTCPK:SFTBF) (OTCPK:SFTBY) and demanding a $15 billion share buyback, according to the Financial Times. The underlying message? Investors like Elliott...

Elliott Management has reportedly re-established a significant stake in SoftBank (OTC:SFTBY)and is advocating for a $15 billion share buyback. What Happened: The U.S.-based activist fund's position is valued at over $2 billion, the Financial Times reported on Wednesday. Elliott has been in direct...

Elliott Management Corp. has acquired a significant stake in Sumitomo Corp., a Japanese trading company favored by Warren Buffett. What Happened: The activist investment group’s stake is reportedly worth “several tens of billions of yen,” translating to a 0.2% stake in Sumitomo...

Activist investor Elliott Management has quietly built a $1 billion stake in Anglo American (OTCQX:NGLOY), adding pressure to the UK-listed mining giant after it became the target of a $39 billion takeover bid from BHP Group (NYSE:BHP). This development emerged after Anglo American's board rejected...

In a strategic move to capitalize on the current market conditions, Elliott Management is launching a new venture, Hyperion, to acquire global mining assets valued at a minimum of $1 billion. According to sources familiar with the matter, the initiative seeks to leverage the low...

Activist investor Elliott Management has acquired a 2% stake in Mitsui Fudosan Co Ltd (OTC:MTSFY), a leading Japanese developer. The investor is now reportedly pressuring the company to sell its shares in Oriental Land (OTC:OLCLY). What Happened: Elliott Management, a U.S.-based investment fund,...