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The Latest Breaking News from Elliott

London Metal Exchange sued for $456m over cancelled trades

US hedge fund Elliott Management criticises decision to halt nickel trading after spike in prices

The Guardian - UK

Morning Brief: Top Financial Stories Dominating on Wednesday, June 1

Morning Brief: Top Financial Stories Dominating on Wednesday, June 1

Reuters Redbird Capital Buys Italian Football Club AC Milan

Redbird Capital Buys Italian Football Club AC Milan

Redbird Capital Buys Italian Football Club AC Milan

RedBird Capital Partners entered into a definitive agreement to acquire Associazione Calcio Milan (AC Milan) Club, newly crowned Champions of Serie A, from Elliott Advisors UK Limited, for 1.2 billion euros ($1.3 billion). The transition to new ownership will take place over the summer, with closing expected in September 2022. Elliott to retain a…

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Ivan Gazidis: ‘We have brought Milan back. People said it was impossible’

Chief executive on the vision that delivered this season’s Serie A title, fears over football’s future and his big regret at Arsenal

The Guardian - UK

Oil Stocks: Buffett Favorite Occidental Sinks After Earnings, Amid Oil Sell-Off

Oil producer Occidental Petroleum reported EPS that beat expectations. OXY stock fell after hours, after a mixed day for oil stocks.

Investors Business Daily

PreMarket Prep Stock Of The Day: Western Digital Rallies On Activist Investor's Entry

Whatever your ethical stance on activist investing is, it really does not matter. It is now common practice for large investors to take a large stake in a company and then tell the management that they know how to run their business better than they do.

Western Digital Offered $1 Billion To Spin Off Memory Chip Business

WDC stock jumped as Elliott Investment Management said it offered Western Digital $1 billion to spin off its flash memory-chip business.

Investors Business Daily

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Western Digital Stock Is Surging: Here's Why

Western Digital Stock Is Surging: Here's Why

Western Digital Corp (NASDAQ: WDC) shares are trading higher Tuesday after Elliott Investment Management sent a letter to Western Digital's board, calling for a full strategic review of the value that could be created by separating its flash unit.

City comment: Elon Musk’s Twitter takeover could herald return of Jack Dorsey

City comment: Elon Musk’s Twitter takeover could herald return of Jack Dorsey

Who will run Twitter now that Elon Musk owns it?

Evening Standard

Who owns Twitter and could Elon Musk succeed in buying it?

Who owns Twitter and could Elon Musk succeed in buying it?

Elon Musk has surprised the world with a $43 billion bid for Twitter.

Evening Standard

How Jack Dorsey Quit Twitter to Become Bitcoin’s Spiritual Leader

The Twitter founder, Block CEO, and Elon Musk buddy is gazing into the future with laser eyes, and he wants you to follow him.

Nielsen to go private in deal valuing TV-ratings company at $16 billion

Nielsen Holdings Plc has agreed to be acquired by a consortium including Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management, and Brookfield Asset Management Inc.

Tribune News Service

Who pays for lost credit balances at failed energy companies? We all do

Who pays for lost credit balances at failed energy companies? We all do

A sizable chunk of consumers’ credit has gone missing but just how much is not yet clear

The Guardian - UK

Taylor Wimpey picks internal candidate as CEO in slight to activist investor

Taylor Wimpey picks internal candidate as CEO in slight to activist investor

Company becomes first UK housebuilder to appoint female chief executive

The Guardian - UK

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Citrix Agrees To Be Acquired In $16.5B Deal

Citrix Systems Inc (NASDAQ:CTXS) reported fourth-quarter FY21 revenue growth of 5% year-on-year to $851 million. The non-GAAP net income was $186 million versus $183 million last year. Citrix reported a non-GAAP EPS of $1.47. Vista Equity Partners and Evergreen Coast Capital affiliates agreed to acquire Citrix in an all-cash transaction valued at $16.5 billion, including…

What Is Happening With Citrix Systems Shares?

Elliott Investment Management and Vista Equity Partners are in advanced talks to buy software-maker Citrix Systems Inc (NASDAQ:CTXS), Bloomberg reported recently. Elliott and Vista have tapped banks to finance their offer. Related Content: Why Are Citrix Shares Trading Higher Tuesday Premarket? Vista is still considering using its portfolio company Tibco as part of the…

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