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Related Special Reports
...Italian prosecutors find suspicious that AC Milan’s parent holding company is “based at the same address” as Elliott’s previous controlling company....
...Elliott’s demands — presented to top management within the past month — include a request that the company sell down its $3.6bn stake in Oriental Land, the company that runs Tokyo Disneyland, said people...
...Both executives held a small percentage of Elliott’s London operation as of the end of 2022, according to company filings....
...US hedge fund Elliott Management has been buying the bonds of troubled British utility company Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have...
...Elliott Management has abandoned its attempt to buy UK electronics retailer Currys after making an improved bid last week that valued the company at £756mn....
...Its bet on Scottish Mortgage is not Elliott’s only recent interest in London-listed companies....
...While Elliott has eyed Currys as a possible acquisition target for several years, last month its initial two bids were both rejected quickly by the company....
...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....
...The move on Monday comes after Crown Castle co-founder Ted Miller last week sued the company and Elliott over the previous bargain, which he argued improperly ceded the activist excessive direct control...
...“The suspicion is that Elliott currently maintains effective control of the company,” the search warrant said. Elliott doubled down....
...Last month, Chinese ecommerce company JD.com said it was considering a bid for Currys after Elliott’s initial approach emerged....
...UK electronics retailer Currys has rejected an improved bid from the US investment group Elliott Management, saying that the offer continued to “significantly undervalue the company and its future prospects...
...A person close to the company described Wednesday’s lawsuit as “sour grapes” as the board, which includes the Elliott executive, rejected Miller’s involvement at the company....
...It argued that the company’s deal with Elliott, which includes the board seats as well slots on plum committees for Elliott directors, was a “sweetheart” giveaway to Elliott — or more precisely, that Crown...
...UK electronics retailer Currys has rejected an unsolicited bid from US investment group Elliott Management, saying it significantly undervalued the company....
...Elliott has also backed credit investor Bantry Bay, which has loaned more than £400mn over the past 18 months to clothing companies Superdry and Matalan, as well as online fashion platform Asos....
...Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1bn, as it seeks to take advantage of the depressed valuation of groups operating in the sector, people...
...Over the weekend, Currys said it rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...This week, another consumer credit company, Vanquis, shocked the market after revealing that the cost of administering mounting complaints would slash profits....
...The proposal valued the company at about £700mn, prompting Currys’ board to say over the weekend that it significantly undervalued the company....
...The suspicion is that Elliott currently maintains effective control of the company,” according to the search warrant....
...Elliott’s decision to shake up DNP essentially meant almost any Japanese company could fall into its sights....
...NRG Energy chief executive Mauricio Gutierrez has left the company, as the US energy group came to an agreement with activist investor Elliott Management....
...Elliott said the company had taken its “eye off the ball” by shifting its focus away from its core refinery business....
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