Elliott Management

(Editor’s note: This story was updated on April 17 to include Daikin’s statement) Shares of Japan’s Daikin Industries (OTC:DKILY) (OTC:DKILF) jumped on Thursday after U.S. activist investor Elliott Investment Management said it would work with the air...

Elliott Management has increased its stake in Toyota Industries Corp. in order to block the automotive manufacturer’s bid to take the company private. The activist manager raised its stake by approximately 7%, according to a Bloomberg report. Elliott argues that Toyota Fudosan’s revised...

Lululemon Athletica Inc (NASDAQ:LULU) and Nike Inc (NYSE:NKE) are navigating similar consumer slowdowns, but the stock market is treating them like entirely different businesses. One trades like a premium franchise. The other trades like a value stock — despite stronger margins, cleaner execution,...

Less than a week after Starboard Value reported a stake in Bill Holdings Inc (NYSE:BILL), a new report links activist hedge fund Elliott Management to taking a stake in the payments company. BILL shares are climbing after hours. See if it is worth your attention here. What Happened: Less than a...

Editor's Note: This article has been updated to clarify language around options holdings Activist hedge fund Elliott Management, led by Paul Singer, revealed several new investments in the second quarter, including bets tied to the S&P 500 and one of the most valuable companies in the world....

Activist investor Elliott Investment Management scored a victory on Monday when Institutional Shareholder Services recommended investors elect all four of Elliott’s director nominees to the Phillips 66 (NYSE:PSX) board, bolstering the hedge fund’s campaign for strategic changes at the...

Ken Griffin's hedge fund Citadel has placed a £305 million ($390 million) short bet against GSK PLC (NYSE:GSK), marking the largest wager against the UK pharma giant in over a decade, reported the Financial Times. The position, disclosed to the UK's Financial Conduct Authority, amounts to 0.51% of...

Elliott Investment Management and Southwest Airlines (NYSE:LUV) have begun discussing a potential settlement that could avoid a proxy fight for control of the airline company’s board. What Happened: Elliott has proposed a plan that involves giving it representation on the airline’s...

The restructuring of Elliott Management has led to a significant exodus of its senior employees, with at least nine former staffers launching their funds since 2021. Why It Matters: The changes at Elliott Management have led to the firm’s ex-employees opting to start their funds. This...

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:SBUX), which recently announced a new CEO. A new 13F filing reveals three other key areas Elliott is increasing focus on. Match Group: Online dating company Match Group Inc...

Starbucks (NASDAQ:SBUX) analysts are mixed Tuesday on what the addition of Brian Niccol, previously CEO and Chairman of Chipotle Mexican Grill (NYSE:CMG), could mean for the coffee chain. The Starbucks Analysts: Wedbush analyst Nick Setyan maintained a Neutral rating on Starbucks with an $80 price...

Consumer habits, return-to-office and an activist stake are likely to be key topics for investors when coffee retailer Starbucks Corporation (NASDAQ:SBUX) reports third-quarter financial results Tuesday after market close. Earnings Estimates: Analysts expect Starbucks to report third-quarter...

Two airline companies will report quarterly financial results Thursday, before market open. The results and comments on the Microsoft Outage could impact the entire airline sector going forward. Microsoft Outage: An update from CrowdStrike Holdings (NASDAQ:CRWD) caused chaos for Microsoft...

Southwest Airlines Company (NYSE:LUV) has implemented a limited-duration shareholder rights plan in response to an 11% stake by Elliott Investment Management. Gary Kelly, Executive Chairman of the Board, said, “In light of the potential for Elliott to significantly increase its position in...

Activist investor Elliott Investment Management has taken a bold stance, buying a $2 billion stake in Japanese conglomerate SoftBank Group Corp (OTCPK:SFTBF) (OTCPK:SFTBY) and demanding a $15 billion share buyback, according to the Financial Times. The underlying message? Investors like Elliott...