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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 offered to buy it for 62 pence a share last month and increased its bid to 67 pence when its initial approach was rejected....
...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 suspicion is that Elliott currently maintains effective control of the company,” the search warrant said. Elliott doubled down....
...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...
...Last month, Chinese ecommerce company JD.com said it was considering a bid for Currys after Elliott’s initial approach emerged....
...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....
...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...
...The company said on Saturday afternoon that the board had on Friday unanimously rejected a proposal of 62 pence per share — a roughly 32 per cent premium to its latest price, valuing the company at about...
...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....
...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....
...a share Elliott offered....
...The suspicion is that Elliott currently maintains effective control of the company,” according to the search warrant....
...That move was quite a statement. Elliott’s decision to shake up DNP essentially meant almost any Japanese company could fall into its sights....
...The company added that it would “conduct a comprehensive review of its operations and cost structure”....
...Elliott Investment Management has invested $1bn in Phillips 66 and is seeking two seats on its board in a bid to remedy the energy company’s “underperformance”....
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