Elliott builds $1.5-billion stake in Hewlett Packard Enterprise

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Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday.

Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage with management, said the person who was not permitted to discuss the campaign publicly.

Details of what Elliott may be pushing HPE, which is valued at $20 billion, to do could not be immediately determined.

News of Elliott’s campaign, first…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Elliott builds $1.5-billion stake in Hewlett Packard Enterprise


Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday.

Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage with management, said the person who was not permitted to discuss the campaign publicly.

Details of what Elliott may be pushing HPE, which is valued at $20 billion, to do could not be immediately determined.

News of Elliott’s campaign, first…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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