Category: Elliott
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Citgo Bidding Opened to Others to Try to Top Elliott Firm
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Breadcrumb links BMN Business A US judge has reset the bidding process for Citgo Petroleum Corp’s parent company. Late Tuesday, a move that would create competition for Elliott Investment Management’s bid to buy the oil refinery. Article writer: Bloomberg News Jeff Feeley, Nicole Yabor, and Andrina Itriago Acosta Posted on…
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Southwest and activist investor Elliott begin settlement talks
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Elliott Investment Management and Southwest Airlines Co. in discussing a potential settlement that would avoid a proxy battle for control of the airline’s board, according to people familiar with the matter. Elliott proposed a framework that would give her representation on Southwest’s board but not control, said some of the…
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Exxon director joins Elliott group seeking to acquire Citgo Petroleum By Reuters
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HOUSTON (Reuters) – Exxon Mobil (NYSE:) Director Gregory Goff recently joined a newly formed Elliott Investment Management-backed firm seeking to acquire Venezuelan-owned oil refiner Citgo Petroleum. Citgo and Exxon are competitors in the automotive fuel and lubricants business. Exxon is the third largest oil refiner in the United States by…
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Nike names former executive Elliott Hill as CEO
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Nike Inc. (NKE) announced a new chief executive on Thursday, sending its shares up about 10% in after-hours trading as the company tries to revive sluggish sales growth amid increased competition. Elliott Hill, a former Nike executive who retired in 2020, will return to the company as CEO and president…
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Crypto Analyst Predicts XRP Surge To $18 With Third Elliott Wave
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This article is also available in Spanish. In a new technical analysis posted on X, cryptocurrency analyst Dark Defender (@DefendDark) offers: dropping A very bullish outlook for XRP price. It leverages Elliott Wave Theory to suggest a potential rally to $18.22 in what is expected to be the third wave…
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Elliott lays out its case for leadership change at Southwest Airlines By Reuters
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By Svea Herbst Bayliss NEW YORK (Reuters) – Elliott Investment Management, which now owns about 9.7 percent of Southwest Airlines Co (NYSE: )’s voting power, told investors the company needs new outside leadership for a “better future” but is also prepared to move forward with a planned proxy battle. In…
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Activist Elliott seeks 10 board seats at Southwest Airlines (NYSE:LUV)
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Kevin Deitch/Getty Images News Update 9:05 PM: Elliott’s confirmation adds. Activist firm Elliott Investment Management is preparing to launch a proxy battle in Southwest Airlines (NYSE: LUV). The prominent activist fund plans to nominate 10 candidates for the position of director of the airline’s 15-person board, according to a statement…
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Elliott rebuilds ‘substantial’ stake in SoftBank – report (Pink Limited Info:SFTBF)
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Elliott Management has rebuilt a major stake in SoftBank ( OTCPK:SFTBY ) ( OTCPK:SFTBF ) and is pushing the Japanese technology group, founded by Masayoshi Son, to launch a $15 billion stock buyback, Financial Times mentioned. Elliott, founded by Paul Singer, has a larger stake More than US$2 billion and…
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Elliott builds $1 billion-plus stake in Johnson Controls, Bloomberg reports By Reuters
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(Reuters) – Activist investor Elliott Investment Management has built a position worth more than $1 billion Johnson Controls (NYSE:) International Plc, Bloomberg News reported on Sunday. The Bloomberg report also said that Elliott’s intentions behind the stake in the building solutions provider could not be immediately known. Elliott & Johnson…