Hints and tips:
Related Special Reports
...Elliott took control of the club a year later when Li defaulted on the loan, embarking on a turnaround that culminated in AC Milan’s first Serie A title in more than a decade....
...Elliott’s move, which marks its fourth major public foray into the Japanese stock market after engagements with Toshiba, SoftBank and Dai Nippon Printing, targets a company with a property empire that stretches...
...Both executives held a small percentage of Elliott’s London operation as of the end of 2022, according to company filings....
...The emergence of Elliott as an investor comes a week after Scottish Mortgage announced a £1bn share buyback in a bid to support its own stock, which peaked in late 2021 before higher interest rates chilled...
...Why Elliott is stuck in AC Milan’s legal mess When Elliott Management sold AC Milan for a record-breaking €1.2bn in 2022 to private equity group RedBird Capital Partners, it was seen as a coup....
...Elliott offered to buy it for 62 pence a share last month and increased its bid to 67 pence when its initial approach was rejected....
...Elliott’s latest bid for Currys valued the group at around 67p per share, marking an increase from a previous proposal of 62p, or a company value of about £700mn....
...One of the biggest operators of mobile phone towers in the US has loosened a December deal it struck with Elliott Management, now giving the activist less influence in Crown Castle’s management....
...Best’s pursuit of Currys comes after Elliott weighed a couple of other consumer deals last year....
...Until the takeover interest from Elliott, Currys shares had been in a multiyear decline....
...The new bid from Elliott was pitched at 67 pence a share in cash, up from its first proposal of 62p, the retailer said in a statement....
...An agreement that activist investor Elliott Management struck with a large US telecommunications infrastructure group has been assailed as a “sweetheart deal” by another shareholder in a lawsuit that shines...
...Most prominently, Elliott was granted two board seats in exchange for dropping a broader proxy fight....
...Currys, which has a market capitalisation topping half a billion pounds, would mark a significant target for Elliott....
...Within Elliott, Best’s UK dealmaking is just a part of the firm’s growing private equity footprint....
...A UK court later dismissed Elliott’s claims....
...Charles MerceyTellisford, Somerset, UK...
...In December, activist Elliott Management struck a deal with the board of Crown Castle, the US mobile tower operator. Agreeing a settlement with an activist, to avoid a proxy fight, is common....
...Over the weekend, Currys said it rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...a share Elliott offered....
...Elliott Management has received permission to appeal its case against the London Metal Exchange over a decision to cancel billions of dollars worth of nickel trades last year.Hong Kong Exchanges and Clearing...
...He had long worked as a portfolio manager at Elliott and managed the football club for the hedge fund, which was founded by Paul Singer....
...In a market where having a shareholder activist on the register now represents the best chance of a big return, diving into stocks where the likes of Elliott or ValueAct might take a stake has become a strategy...
...A memoir from Charles Spencer, brother of Diana, the late Princess of Wales, offers a different context for the discussion....
International Edition