Category Archives: Elliott Associates

Tech Shareholder Activism Increasing

As M&A picks up generally, and the tech sector in particular, shareholder activism is on the rise as well. Activism Monthly’s (which is about business rabble-rousing, not social rabble-rousing) latest issue includes an article discussing the technology industry.  According to … Continue reading

Posted in Activist Investor, Carl Icahn, Elliott Associates, Hedge Funds, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , , | Leave a comment

Gold v. Bitcoin? “Gold,” Says Hedge Fund Manager

Gold, not Bitcoin, is the real currency alternative, says Paul Singer. Underdisclosed.com favorite Paul Singer, of Elliott Associates fame, is not quite as taken with the current flavor-of-the-month in alternative currencies according to WSJ and CNBC reports. Singer reportedly wrote … Continue reading

Posted in Bitcoin, Business Strategy, Economics, Elliott Associates, Hedge Funds, Uncategorized | Tagged , , , , , | Leave a comment

Emulex Workforce Reduction to Ax 10% In Restructuring Plan

There’s a lot of end-of-year activity at Emulex as it announces plans to ax 10% of its employees in a workforce reduction and tries to find its way back to financial and shareholder relations health. Earlier this week, Emulex announced … Continue reading

Posted in Activist Investor, Business Strategy, Earnings Release, Elliott Associates, Executive Changes, Hedge Funds, Private Placement, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , , , , , , , | Leave a comment

Starboard Grows Impatient With Emulex

One of the large hedge fund investors in Emulex Corp. dashes off angry (or disappointed) letter urging immediate action. We have been tracking the Emulex Corp. odyssey for a while now.  In July, we noted that that ELX jumped on … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, Opps, Shareholder Rights, Starboard Value | Tagged , , , , , , , , , | Leave a comment

Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

Posted in Activist Investor, Creditor/Debtor, Elliott Associates, Lawsuit, Vulture Capital | Tagged , , , , , , , , , , , , | Leave a comment

Corporations Giving Board Seats to Activist Investors, Says WSJ

In fights with dissidents, corporations are giving corporate board seats to the insurgents as long as management appointees get to keep their seats, says the Wall Street Journal($). Why are we writing about it?  Because two of the examples are … Continue reading

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds, Starboard Value | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

After Dell Pushes Back Record Date for Buyout, Hedge Funds Respond By Buying Dell Shares

Shorter term investors looking for a quick exit now eligible to vote on the Michael Dell/Silver Lake buyout. The much-discussed Dell buyout previous had a record date of June 3, meaning you had to be a stockholder on that day … Continue reading

Posted in Activist Investor, Business Strategy, By the Numbers, Carl Icahn, Elliott Associates, Hedge Funds, Lawsuit, M&A, Private Equity, Shareholder Meeting, Trading Strategy | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Plenty Of Room On The Bandwagon As Starboard Takes A Big Stake In Elliott Associates Project Emulex Corp.

Starboard Value takes the Fantastic Voyage with Elliott Associates as it awaits Emulex Corporation’s sale. It is always heartwarming to see two of our favorite funds working together, sort of. Starboard Value disclosed a 6.9% stake in Emulex Corporation in … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, M&A, Opps, Starboard Value | Tagged , , , , , , , , | Leave a comment

Emulex Climbing Back Up As We Lock It Back Down.

ELX up sharply on rumors it is considering a strategic transaction. After struggling this year, Emulex Corp. shares are up over 15% today, as of this writing.  There seem to be rumors that Emulex has hired bankers to pursue “strategic … Continue reading

Posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds | Tagged , , , , , , | Leave a comment

Argentina Goes to U.S. Supreme Court to Stiff Bondholders

Argentina files suit to avoid paying Elliott Management in battle of naval powers. We have previously stated our admiration for the naval prowess of Elliott Management.  But, Argentina continues to fight back. Argentina has asked the U.S. Supreme Court to … Continue reading

Posted in Activist Investor, Elliott Associates, Hedge Funds, Lawsuit, Vulture Capital | Tagged , , , , , , , | Leave a comment