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...Following the raids, Elliott said: “AC Milan was sold to RedBird on August 31 2022. As of that date, the Elliott funds have had no equity interest in, or control over, AC Milan.”...
...Nomura Asset Management, Vanguard and BlackRock are all major shareholders, and Elliott’s stake is at least 2.5 per cent, according to people familiar with the situation....
...Two of the people said that Elliott’s position was relatively small and it was still evaluating whether to build it to a more material holding. Elliott declined to comment....
...Sky News first reported that Elliott had increased its offer. Representatives for Elliott and Currys declined to comment....
...Elliott declined to comment....
...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 has until 5pm on March 16 to raise its offer under UK takeover rules. Elliott declined to comment. Sky News first reported that Elliott had increased its offer....
...“It was down to [Elliott] to make an offer at an acceptable level”....
...In today’s newsletter: Elliott goes shopping in the UK The financier behind The Body Shop The drama surrounding the Agnelli family Elliott’s investor Best is snapping up UK retailers The UK high street...
...Miller’s lawsuit names Crown Castle’s board members and Elliott as defendants. Crown Castle described the Miller suit as “without merit”, while Elliott declined to comment....
...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...
...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....
...Elliott has had an active start to the year....
...New York-based RedBird acquired AC Milan from Elliott less than two years ago for €1.2bn....
...Elliott declined to comment. This article has been amended to correct the US state where Elliott is based...
...Over the weekend, Currys said it rejected a 62p-a-share bid from Elliott, adding that it significantly undervalued the company....
...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....
...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....
...“The suspicion is that Elliott currently maintains effective control of the company,” the search warrant said. Elliott doubled down....
...For bassist Orlando le Fleming, the band name Romantic Funk conjures the rhythmic complexities of Weather Report rather than the luxuriant vocals of Luther Vandross....
...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...
...This shows the longer-term strategy behind Elliott’s ownership....
...Elliott said the company had taken its “eye off the ball” by shifting its focus away from its core refinery business....
...Signa and Elliott declined to comment. Elliott’s talks with Signa were first reported by German news outlet Der Spiegel....
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