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...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...
...US activist hedge fund Elliott Management has built a $1bn stake in UK-listed mining group Anglo American amid a £31bn ($39bn) approach for the company by BHP....
...Scott Beiser, chief executive of Houlihan Lokey will step down in June and be succeeded by Scott Adelson, co-president of the boutique investment bank....
...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....
...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....
...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...
...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....
...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....
...Until the takeover interest from Elliott, Currys shares had been in a multiyear decline....
...As always, email me at scott.chipolina@ft.com. Join me and fellow colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...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....
...As always, email me at scott.chipolina@ft.com. Join me and my colleagues at the FT’s flagship Crypto and Digital Assets Summit on May 8-9 in London....
...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...
...Rishi Sunak faces another difficult by-election after former Conservative MP Scott Benton announced his resignation from the House of Commons on Monday....
...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....
...Scott’s Ripley is no longer a boyish, bright-eyed opportunist prone to fits of violent passion but more of a calculated, cynical operator....
...Within Elliott, Best’s UK dealmaking is just a part of the firm’s growing private equity footprint....
...Miners have struggled for profitability after a debt-fuelled expansion in the 2021 crypto bull market was curtailed by a crash....
...A UK court later dismissed Elliott’s claims....
...As always, email me at scott.chipolina@ft.com. Weekly highlights Binance executives Tigran Gambaryan and Nadeem Anjarwalla are still being detained in Nigeria....
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