Hints and tips:
...Led by Paul Singer, Elliott draws on one global pool of capital, giving it the flexibility to make equity and debt based investments....
...A rival comes for Elliott’s crown Elliott Management seems to be getting along better with Corporate America. And some other shareholders out there are not so happy about it....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...That means most VMware shareholders have been unable to trade their holdings since. The deal has a final deadline of a little under a month from now....
...The Sage of Omaha, Warren Buffett, sold off some of Berkshire Hathaway’s Chevron holdings in 2023 and some analysts have soured on the stock....
...Last winter, AEL rejected a $45-per-share offer backed by Elliott Management. Holding out for Brookfield’s price — $55 per share — now looks wise. A full $39 per share of the buyout price is in cash....
...“Banks are nervous to underwrite single-B credit with M&A timelines which could be six months of holding the risk,” said Lauren Basmadjian, co-head of liquid credit at Carlyle....
...Lion Point, a hedge fund co-founded in 2015 by Didric Cederholm and Jim Freeman who both previously worked at Elliott Associates, has a 3.1 per cent holding in WisdomTree....
...Amid the corporate governance turmoil late last year, AEL faced another unsolicited bid from Prosperity Life, a life insurer owned by Elliott Management....
...Elliott and Davidson Kempner declined to comment....
...Jay Newman was a senior portfolio manager at Elliott Management. He has no financial position in Apple, long or short....
...Now with the Elliott bid out in the open, AEL and its $70bn of assets are in the crosshairs as a clutch of Wall Street investment titans circle the company....
...But a decade reporting on Asia makes me wary of believing in a wider shift beyond some very dogged work at specific companies by activists such as Elliott and Oasis....
...Elliott’s Nabeel Bhanji joined Toshiba’s board last year and has a vested interest in getting the best price....
...Banks in September were only able to sell a fraction of the debt tied to Elliott Management and Vista Equity Partners’s $16.5bn leveraged buyout of software maker Citrix, and ended up holding $6.45bn of...
...PMI needs to secure approval from Swedish Match shareholders holding at least 90 per cent of the stock by November 4 to complete the transaction....
...The fact that some of the largest lenders in the US are stuck holding some of the riskiest debt may also concern regulators....
...In addition to their holdings being ostensibly wiped out in FTX’s bankruptcy, though, high-profile endorsers might lose some credibility when it comes to hawking financial advice on social media....
...In January, Elliott and software buyout firm Vista Equity Partners led the $16.5bn takeover of Citrix, which had been a longtime holding of the firm’s activist hedge fund....
...Elliott and Brookfield declined to comment....
...Ares Management provided $2bn of the debt to back Brookfield and Elliott Investment’s $16bn buyout of consumer data company Nielsen Holdings in April, after plans to go entirely to the public bond market...
..., the Delaware-registered holding company Michael created)....
...Oaktree’s own bid for Claire’s never materialised but it did secure a few more nickels on the dollar of recoveries on its bond holding....
...GlaxoSmithKline and Pfizer are holding out for an improved bid of at least £60bn for their consumer healthcare joint venture, bolstered by shareholder opposition to Unilever’s £50bn offer....
...But Elliott has not shied away from companies with powerful founders....
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