Elliott Management

• 

  Samsung Electronics Surges To Record High On Payout Growth Hopes

  Samsung also said it would expand its share buyback after completing a record 11.4 trillion won ($9.8 billion) of repurchases this year.

• 

  Siemens To Buy Mentor Graphics In $4.5 Billion Deal

  Siemens said on Monday it would pay $37.25 per share for Mentor - which makes software for designing semiconductors - a 21 percent premium to Friday's closing share price.

• 

  Hedge Fund Elliott Sold Twitter Stock Before Elon Musk’s Takeover Negotiations

  Elliott Management exited the Twitter stock during the second quarter after Elon Musk announced plans to buy the social media company, a regulatory filing showed. Therefore, Elliott no longer owned any common stock in Twitter on June 30. It had owned 10 million shares at the end of the first quarter.

• 

  Toshiba Board Gains 2 Directors From Activist Hedge Funds, in Historic Shift

  Toshiba shareholders voted in two board directors from activist hedge fund investors at its annual general meeting on Tuesday - an inclusion that is expected to add momentum to its exploration of potential buyout deals.

• 

  Activist Fund Builds Stake In Twitter, Seeks Jack Dorsey's Exit: Report

  Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company's chief executive, Jack Dorsey, two people familiar with the matter said on Friday.

• Pernod Weighs Sale of Jacob’s Creek, Campo Viejo Wines

  Deliberations are at a preliminary stage and Pernod may ultimately decide to retain the business.

• Pimco, Elliott Lead Distressed-Debt Heavyweights in PG&E Faceoff

  PG&E was driven into bankruptcy on Jan. 29 by looming costs of wildfires that tore through Northern California in 2017 and 2018.

• eBay Adds New Directors to Board and Begins Strategic Review

  EBay to appoint Elliott partner Jesse Cohn and Matt Murphy of Marvell Technology Group to the board.

• eBay Initiates a Dividend, Gives Upbeat Earnings Outlook

  Meanwhile, its CEO rejected the idea of selling tickets marketplace StubHub and other pieces of the company.

• PG&E Had Rescue Options. Here’s Why It Chose Bankruptcy Instead

  Pacific Gas & Electric utility serves 16 million people -- more than 40 percent of California’s population.

• Elliott Has a Point When It Comes to EBay

  Marketplaces are critical to e-commerce, and the company could do more to compete with Amazon and Walmart.  

• Elliott Says Urgent Changes Are Needed at eBay in Letter to Board

  Elliott’s plan involves reviewing EBay’s portfolio of companies, revitalizing the company’s Marketplace and returning capital.

• Apollo Global Is Aiming for Arconic Deal by Mid-January

  Apollo emerged as the leading bidder for Arconic after trumping an offer from a rival group of private equity investors.

• Telefonica Chairman Takes No Chances as Activist Stalks Europe

  Telefonica’s shares hit a two-decade low in September over concerns with its debt and growth prospects for the sector.

• Activist Carl Icahn Calls Off Dell Fight After Improved Offer

  Icahn, who owns a 9.3 percent stake in DVMT, had been a vocal opponent of the original deal, claiming it undervalued shares.