Update On Hess Corp. As Another Underdisclosed Favorite Relational Investors Urges Hess to Listen to Suggestions of Fellow Activist Investor, Elliott Associates

 

Underdisclosed favorite Relational Investors has told Hess Corporation (HES) that it supports the changes urged by Elliott Associates.  We reported on Elliott‘s suggestions here.

Relational claims to be a top 10 holder of HES and reported holding about 6.8 million shares as of September 30, 2012.   Media outlets are reporting Relational holdings of about 9.2 million shares.

This news comes to us via CNBC and NYTimes Dealbook, and we are awaiting an SEC filing or press release.

Updated with more Laetitia Casta for, uh, consistency with previous HES posts.


This entry was posted in Activist Investor, Business Strategy, Elliott Associates, Hedge Funds, Relational Investors and tagged , , , , , , , , , , , . Bookmark the permalink.

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