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A general view of the drug product manufacturing laboratory in biologics and sterile injectables, Catalent, in Brussels, Belgium June 27, 2023. Catalent named three pharma industry executives and a senior Elliott executive to its board and said John Greisch, who has served on the board since 2018, will become executive chairman. Elliott, whose stake in Catalent became public last month, has been engaging with the company behind the scenes for months. Two of the directors were picked by Elliott, while two were mutually agreed by Elliott and Catalent. Catalent is also forming a new strategic and operational review committee which Greisch will chair.

Persons: Yves Herman, Elliott, Catalent, Alessandro Maselli, John Greisch, Max, William Blair, Maselli, Steven Barg, Goldman Sachs, Frank D'Amelio, Stephanie Okey, Michelle Ryan, Greisch, Merck KGaA, Svea Herbst, Bayliss, Maggie Fick, Sriparna Roy, Shinjini Ganguli, Catherine Evans, Mike Harrison Organizations: REUTERS, Catalent Inc, Elliott Investment Management, Reuters, Novo, pharma, U.S . Food, Drug Administration, Pfizer, Johnson, Catalent, Svea, Thomson Locations: Brussels, Belgium, ., Danish, Novo, United States, Catalent, GLP, Boston, London, Bengaluru

☆ Activists ease up on Salesforce — plus, 10 other Club stocks traded by Wall Street pros
▼ + stars: | 2023-08-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +10 min

The extraordinary activist-investor interest in Salesforce (CRM) eased further in the second quarter, according to the latest regulatory filings from influential Wall Street pros. His firm still owned about 2 million Salesforce shares as of June 30. Tepper also bought 2.3 million shares of Advanced Micro Devices (AMD) and 480,000 shares of Apple (AAPL) during the second quarter. As a result, Appaloosa's holdings as of mid-August may differ significantly from the conclusion of the second quarter. GOOGL YTD mountain Alphabet YTD performance Bets on Google's parent company, Alphabet (GOOGL), varied in the second quarter.

Persons: Dan Loeb's, Jeff Smith's, Salesforce, Jeffrey, Starboard's Jeff Smith, Smith, he's, 13Fs, it's, Marc Benioff, Mason Morfit, Paul Singer's Elliott, Elliott, Elliott —, Nelson Peltz's, Bob Iger, Peltz, David Tepper, Tepper, Bill Ackman's, Seth Klarman, Loeb, Klarman, Stanley Druckenmiller, Druckenmiller, Eli Lilly, That's, Jim Cramer's, Jim Cramer, Jim, Kim Kulish Organizations: Inclusive Capital, CNBC, Paul Singer's Elliott Management, Constellation, Club, Constellation Brands, Corona, Modelo, DIS, Disney, Management, Walt Disney Co, Peltz, Nvidia, Appaloosa Management, Microsoft, Micro Devices, Apple, AMD, Bill Ackman's Pershing, Capital Management, Oracle, Duquesne Family Office, Jim Cramer's Charitable, Corbis, Getty Locations: Salesforce, Tuesday's

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

☆ Goodyear Tire to expand board in settlement with Elliott
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +2 min

The firm urged the company to refresh the board, sell its stores and conduct an operational review. On Tuesday, Goodyear said it would establish a strategic and operational review committee. Elliott, which has a history of taking board seats at companies including Twitter and eBay, had previously criticized the tyre-manufacturer for mismanagement and lagging behind its rivals, Michelin and Bridgestone. "We have been encouraged by Goodyear's openness to taking actions necessary to realize its full potential," Elliott executives said in a statement on Tuesday. Evercore, Lazard and Goldman Sachs are financial advisers to Goodyear, while Paul Weiss the legal counsel.

Persons: Goodyear, Richard Kramer, Elliott, Lazard, Goldman Sachs, Paul Weiss, Nathan Gomes, Sriraj Organizations: Goodyear Tire &, Elliott Investment Management, Twitter, eBay, Michelin, Bridgestone, Evercore, Goodyear, Thomson Locations: Tyre, Akron , Ohio, Bengaluru

☆ Patrol dogs are terrorizing and mauling prisoners inside the United States
▼ + stars: | 2023-07-23 | by ( Hannah Beckler | ) www.businessinsider.com time to read: +64 min

But prison patrol dogs aren't deployed for chases; they are used inside the prison walls. Tri-State Canines training facility, Warren, OhioVirginia Department of Corrections patrol dogs are typically Belgian Malinois, Czech shepherds, or German shepherds. Department patrol dogs are trained to bite once and hold to minimize flesh tears and lacerations. Patrol dog kennels, Virginia Department of CorrectionsThe patrol dog kennels are even smaller, at 6 feet by 10. A veterinary technician who treated patrol dogs at a clinic in Lebanon, Virginia, said she was told not to touch the patrol dogs in her care without their handler present.

Persons: Santos Cardona, Michael Smith, Smith, Marco, crouch, Mohammed Bollendia, protectively, Ashraf Abdullah Ahsy, Ivan L, Frederick II, Cardona, Abu, John Ketzer, Ketzer, Michael J, Donald Rumsfeld, Rumsfeld, Abu Ghraib, Lane McCotter, Gary DeLand, Terry Bartlett, Richard Billings, Larry DuBois, John Armstrong, Terry Stewart, Charles Ryan, Ryan, Stewart, Adrian Duran, cradled, Duran he'd, Duran, Blackie, growled, he'd, It's, extractions, they're, Jerko, Jeremy Defour, Bert, Antwon Whitten, Virginia, Peter C, Meade, —, Oikeutta eläimille, Dave Blosser, Blosser, Eli Hiller, he's, Matthew Johnson, Oscar, Johnson, Oscar growled, Boris, Cajos, Linwood Mathias, Lucas Pruitt, Mathias, Xavia Goodwyn, sicced Lojzo, Edris, Michael Watson, Watson, Thomas Rose, Rose, Goodwyn, Red, Rick White, Ron Angelone, Wallens, Tyler Parry, Charlton Yingling, Parry, Eugene, Bull, Connor, Bill Hudson, Yingling, Solomon Northup, Solomon, Walter Gadsden, Malcolm X, Michael Brown, Ferguson, They're, Jeffery, White, Curtis Garrett, Garrett, Kathleen Dennehy, Dennehy, Aaron Fedor, Jimmy Stanley, Dora Schriro, Schriro, Omar, Dionisio Paulino, Paulino, Robert Silva, Adrian Duran's, Adrian Duran Duran, Adrian, unwound, Sussex II, Whitten, Western District of Virginia Jeremy Defour, Defour, Kenneth Licklider, Chris Robbins, Rivan, she'd, They've, Stephen McReynolds, McReynolds, Daniel Clinton, Tom, Clinton, basketballs, Clinton's, Fuga, Jamie Elliott, Elliott, Duran couldn't, Bodhi, Jamie, Jawan Lee, Lee, Lee's Organizations: US, Business, Associated Press, Department of, Rights, Department, Justice, Department of Justice, Virginia Department of Corrections Police, Human Rights Watch, Virginia Department of Corrections, University of Virginia School of Law, Sussex II, Police, Kern Medical, Arizona Department of Corrections, Rehabilitation, The Indiana Department of Correction, Delaware Department of Correction, South, New Jersey Department of Corrections, Tri, Warren , Ohio Virginia Department of Corrections, State Canine Services, Court, Western District of, Red, View Regional, Onion, North Correctional Center, Corrections, Goodwyn, FBI, Ku Klux Klan, Human Rights, University of Nevada, University of Louisville, AP, Breeders, Ferguson Police Department, Souza, Baranowski, Commonwealth, Baranowski Correctional, Prentice, Black, United States, District, Massachusetts, Housing, Virginia Commonwealth University Health, Virginia, Housing Unit, Patrol, Southwest, Southwest Virginia Veterinary Services Locations: Abu Ghraib, Iraq, Belgian, Baghdad, Abu, United States, New Mexico, Utah, DeLand, Billings, Bartlett, Arizona, DuBois, Massachusetts, Armstrong, Connecticut, Arizona , Connecticut, Delaware , Indiana , Iowa , Massachusetts , New Jersey, Virginia, Alexandria , Virginia, Los Angeles, backyards, Sussex, lunging, Indiana, Richmond , Virginia, Iowa, Augusta, Ridge, New Jersey, South Woods, Warren ,, Czech, Europe, , Virginia, Western District, Western District of Virginia, Warren , Ohio, Holland, Tri, Canton , Ohio, Wallens, Onion, Red Onion, View, Norton , Virginia, Portsmouth , Virginia, Kentucky, Birmingham , Alabama, Las Vegas, Americas, Caribbean, American, Ferguson , Missouri, Lancaster , Massachusetts, Richmond, Lebanon , Virginia, Southwest Virginia, Lebanon, Waverly , Virginia, chihuahua

But, as Jim Cramer said Wednesday stocks in other parts of the market have started to come "back from the dead." Here's a look at where we stand on these eight Club stocks, starting with the biggest gainer, Halliburton, and concluding with the eighth-best performer, TJX Companies. HAL 3M mountain Halliburton's stock performance over the past three months. CAT 3M mountain Caterpillar's stock performance over the past three months. TJX 3M mountain TJX Companies' stock performance over the past three months.

Persons: It's, Jim Cramer, Wells, Morgan Stanley, Wells Fargo, Elliott Management, Jim, STZ, Emerson, bode, Morgan Stanley's, Morgan, TJ Maxx, we're, TJX, Jim Cramer's, Jamie Schwaberow Organizations: Halliburton, HAL, Caterpillar, Nvidia, Constellation Brands, Emerson Electric, Coterra Energy, TJX Companies, CAT, Wells, Apple, Corona, Modelo, Constellation, Emerson, Morgan, Goods, CNBC, Workers, Halliburton Co, Anadarko Petroleum Corp, Bloomberg, Getty Locations: Wells Fargo, Wells, Dacono , Colorado, U.S

☆ 'Don't be vulnerable, be ready,' Jim Cramer says on potential market pullback
▼ + stars: | 2023-07-20 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. I want them to be ready" for a downturn in stocks, Jim said. Stick with Estee Lauder Barclays on Thursday downgraded Estee Lauder (EL) to neutral weight, or hold, from overweight, citing concerns over a recent cyberattack that disrupted some operations at the cosmetics company. The next two quarters may remain challenging for Estee Lauder, Jim acknowledged, but "I'm not writing off China by any means." As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Jim Cramer, Estee Lauder, Dow, Johnson, Jim, Fabrizio Freda, Elliott Management, he's, Jim Cramer's Organizations: CNBC, Dow, Estee Lauder Watch Constellation Brands, Dow Jones, Johnson, Nasdaq, Estee Lauder Barclays, Constellation Brands Locations: overbought, China, Corona, Modelo

☆ TipRanks reveals the top 10 Wall Street industrial sector analysts
▼ + stars: | 2023-06-18 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +5 min

TipRanks used its Experts Center tool to find the analysts sporting a high success rate. TipRanks' algorithms calculated the statistical significance of each rating, analysts' overall success rate, and the average return. Top 10 analysts from the consumer goods sectorThe image below shows the most successful Wall Street analysts from the industrial goods sector. The buy recommendation generated a return of 134.8% from May 14, 2020 to May 14, 2021. Christopher Glynn - OppenheimerChristopher Glynn has the 10th spot on the list, with a success rate of 60%.

Persons: CARR, Spencer Platt, TipRanks, Kenneth Herbert, Herbert, Leonardo, Stephen Volkmann, Jefferies Stephen Volkmann, Parker Hannifin, Seth Weber, Weber, Benoit Poirier – Desjardins Benoit Poirier, Keith Hughes, Stanley Elliott, Stifel Nicolaus, Andrew Kaplowitz, Julian Mitchell –, Julian Mitchell, Mitchell, Gautam Khanna —, Cowen Gautam Khanna, Christopher Glynn, Oppenheimer Christopher Glynn Organizations: New York Stock Exchange, Getty, RBC, Leonardo DRS, DRS, Wells, Herc Holdings, TFI, Truist, Caterpillar, Citi Citigroup, Julian Mitchell – Barclays, Barclays, Carrier, Johnson Locations: New York City, Wells Fargo Wells, Symbotic, Generac

☆ Activist investor Elliott is back at NRG Energy. Here’s how the firm plans to build value
▼ + stars: | 2023-06-03 | by ( Kenneth Squire | ) www.cnbc.com time to read: +8 min

Activist Commentary: Elliott is a very successful and astute activist investor, particularly in the technology sector. In January 2017, the firm filed a 13D on NRG with a plan centered around operational improvements and portfolio actions. As part of its plan, Elliott suggested that NRG focus on its core businesses by reducing costs, monetizing non-core assets to simplify its portfolio and paying down debt. To effectively oversee this plan, Elliott believes that the board needs new independent directors with expertise in the power and energy industry. "Strong management will be key to the success of the Repower NRG Plan," and "significant changes are needed."

Persons: Elliott, Vivint, Jim Collins, Collins, Ken Squire Organizations: NRG, 13D Locations: COOs, Texas

☆ How Wall Street pros traded 7 of our Club stocks, including Salesforce, in the first quarter
▼ + stars: | 2023-05-16 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +9 min

Lots of Club holdings, including Nvidia (NVDA) and Alphabet (GOOGL), were among the stocks traded by some of Wall Street's biggest investors and money managers in the first quarter. That firm, Jeffrey Ubben's Inclusive Capital, had owned 1.63 million Salesforce shares at the end of December, worth nearly $217 million at the time. Jeff Smith's Starboard Value also sold some Salesforce shares in Q1, leaving the firm with 2.5 million shares at the end of March. Mason Morfit's ValueAct Capital amplified its Salesforce stake in the first quarter, ending with 3.5 million shares, up from just 560,221 shares at the end of 2022. Loeb's Third Point amassed 4.75 million shares of Alphabet, worth $492.7 million at the end of the first quarter.

☆ Piggyback Icahn? These are the best-performing activists you should follow into stocks
▼ + stars: | 2023-04-21 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Goldman Sachs said only a handful of activist investors have the power to move stocks the way he does. The Wall Street firm analyzed 2,142 shareholder activism campaigns since 2006 and identified the investors with the most number of campaigns. "A wide performance distribution exists for both successful and unsuccessful activist campaigns and varies by type of activist demand," Goldman's head of U.S. equity strategy David Kostin said in a note. The stocks Carl Icahn invests in tend to enjoy a double-digit boost in the 12 months after he starts an attack, according to Goldman. Other activists that have a similar impact on stocks during the time frame are Ancora Advisors and Clinton Group, Goldman said.

☆ Salesforce, Caterpillar and Disney are in the news. Here's our take on the headlines
▼ + stars: | 2023-03-27 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Meanwhile, analysts who cover Caterpillar (CAT) put out fresh research that cuts against our own thinking, and layoffs will soon begin at Disney (DIS). The Salesforce co-founder echoed the we-can-learn-from-everybody philosophy he laid out on March 1 in an interview with Jim Cramer. Salesforce shares, which rose modestly Monday, has surged more than 44% this year, the third-best performing Club stock behind Nvidia (NVDA) and Meta Platforms (META). Baird turns bearish on CAT CAT 1Y mountain Caterpillar's 12-month stock performance. "It's very hard to get in and out of CAT," Jim said Monday.

☆ 41% of adults are preparing for a recession. It's time to stress-test your income, advisors say
▼ + stars: | 2023-03-17 | by ( Lorie Konish | ) www.cnbc.com time to read: +5 min

Yet many Americans — 41% — have taken steps to prepare for a possible economic downturn, according to a survey by Morning Consult. Still, there are a few steps advisors say you should take now to make sure you are prepared to weather a downturn. Barry Glassman president of Glassman Wealth Services"Stress-test your income against your ongoing obligations," Glassman said. The upside for conservative investors is they are now able to get higher interest rates on their cash. Reduce your debtsHigher interest rates mean consumer debts are climbing higher.

☆ Salesforce is having its best day since 2020 after blowout earnings report
▼ + stars: | 2023-03-02 | by ( Jordan Novet | ) www.cnbc.com time to read: +3 min

Salesforce shares surged 12% on Thursday and headed for their biggest single-day rally since August 2020, after the cloud software vendor issued earnings and guidance that trounced analysts' estimates. After the close of regular trading on Wednesday, Salesforce reported fiscal fourth-quarter adjusted earnings of $1.68 per share, 23% higher than the consensus among analysts polled by Refinitiv. Alongside the earnings report, Salesforce said it's working with Bain on a business review, and the company announced the elimination of the board's committee on mergers and acquisitions. Rangan, who recommends buying the stock, raised his 12-month price target for the second time in a week after the report. WATCH: Salesforce earnings highlight how expectation beats can move markets, says Kari Firestone

☆ Don't act on new activist push for board seats at Salesforce before earnings, Benioff reaction
▼ + stars: | 2023-03-01 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +8 min

Hedge fund Elliott Management's decision to nominate candidates for Salesforce 's (CRM) board represents an escalation of the activist agitation at the Club holding. The Club generally believes activists' wishes for cost-cutting at Salesforce are positive, as long as Benioff remains at the helm. It's unclear whether Elliott is nominating two or three candidates for Salesforce's board, according to CNBC's David Faber, who broke the story Wednesday morning . Benioff is chairman of Salesforce's board. However, we don't want the activist pressure at Salesforce to cause Benioff to depart the company.

☆ Suncor Energy names Exxon veteran Rich Kruger as CEO
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

Feb 21 (Reuters) - Canada's Suncor Energy Inc (SU.TO) said on Tuesday former Exxon Mobil Corp executive Rich Kruger would take over as its chief executive from April 3, replacing interim boss Kris Smith, sending its shares up nearly 3% in afternoon trading. Kruger, a near 40-year veteran of Exxon (XOM.N), served as CEO of Imperial Oil Ltd (IMO.TO) for six years before retiring in 2019. "Investors are likely going to see this as a key reason to expect a complete positive change in the safety culture at SU," Eight Capital analysts said. Smith replaced Mark Little as CEO in July following a worker death, which was the fifth fatality at the company since 2019. The company named Smith as its finance chief in place of Alister Cowan, who plans to retire at the end of the year.

☆ KKR can limit the pain of Elliott's telco blitz
▼ + stars: | 2023-02-13 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Even so, KKR and Vodafone look insulated from the worst sort of Teutonic deal pain. Still, KKR – which has joined forces with Global Infrastructure Partners and will co-control Vantage with Vodafone – has some protections. Reuters GraphicsFollow @pamela_msg on TwitterloadingCONTEXT NEWSActivist investor Elliott Management disclosed a 5.6% stake in German phone masts company Vantage Towers on Jan. 31. The offer was recommended by Vantage Towers' management and supervisory board. Vantage Towers’ Chief Executive Vivek Badrinath is set to depart due to personal reasons.

On Tuesday, Western Digital CEO David Goeckeler said the partnership with Apollo and Elliott would help "facilitate the next stages of Western Digital's strategic review." The latest investment is a precursor to a potential merger between Silicon Valley-based Western Digital and Japan's Kioxia Holdings Corp, according to people familiar with the matter. The sources, who requested anonymity as these discussions are confidential, said the talks between Western Digital and Kioxia are still active. Western Digital and Kioxia jointly produce NAND chips, which are widely used in smartphones, TVs, data center servers and public announcement display panels. Qatalyst Partners, Lazard and J.P. Morgan are serving as Western Digital's financial advisers and Skadden, Arps, Slate, Meagher & Flom LLP is serving as Western Digital's legal adviser.

☆ Facing growing calls for reform, Salesforce could use some fresh faces on its board
▼ + stars: | 2023-01-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +4 min

The enterprise software giant is considering at least three potential board appointees, Bloomberg News reported Thursday , citing people with knowledge of the matter. Among those reportedly in conversation to join Salesforce's board are former Carnival Cruise CEO Arnold Donald, Mastercard CFO Sachin Mehra and Mason Morfit, the chief executive of ValueAct Capital. And the firm is now planning to nominate candidates for Salesforce's board, The Wall Street Journal reported Thursday . Bottom line We're encouraged by the Bloomberg report because Salesforce's board could undoubtedly use a refresh, with multiple directors having served for 10 years or more, according to FactSet. New board members, coupled with growing activist pressure, could could be just the boost Salesforce needs and that the market wants to see.

☆ Actor Matthew McConaughey and musician Will.i.am are often involved in company strategy discussions at Salesforce, report says
▼ + stars: | 2023-01-25 | by ( Sawdah Bhaimiya | Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Matthew McConaughey and Will.i.am have taken part in corporate strategy discussions at Salesforce, the FT reported. The FT reported, citing a source familiar with the matter, that actor McConaughey and musician and producer Will.i.am are often included in business conversations. McConaughey, meanwhile, has been heavily involved in Salesforce's advertising in recent years, including appearing in its 2022 Super Bowl commercial. According to a different source cited by the FT, McConaughey and Will.i.am are only involved in informal conversations in the business, not meetings around corporate strategy. Salesforce did not immediately respond to a request for comment from Insider about Will.i.am and McConaughey's apparent involvement in corporate discussions.

☆ Elliott Management's Jesse Cohn just picked his next target for an activist campaign: an ailing software giant
▼ + stars: | 2023-01-24 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

A battle is on the horizon between Jesse Cohn and Salesforce. But the first rule of activist investing is you HAVE to talk about your activist investment. Jesse Cohn, a managing partner at the hedge fund Elliott Management, is leading his firm's latest activist campaign against troubled tech giant Salesforce via a multibillion-dollar stake. Activist investing, as we've previously covered, is set to be all the rage in 2023. Click here to learn more about Jesse Cohn, a tenacious activist investor who just set his sights on Salesforce.

☆ Salesforce is now facing the very real threat of activist shareholders overthrowing its board and forcing the sale of mega-acquisitions like Slack and Tableau
▼ + stars: | 2023-01-24 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +6 min

Salesforce is now being targeted by a second activist investor: Elliott Management. Activist investors could overhaul Salesforce's board and force it to divest acquisitions like Slack. The cloud software giant is now being targeted by activist firm Elliott Management, which has taken a big stake in the company. Walravens says that the activist firms could encourage Salesforce to rethink its office strategy. The company has invested a lot in a global real estate footprint including its Salesforce Tower headquarters in San Francisco.

Jan 24 (Reuters) - Hedge fund Elliott Management Corp has built a "significant" stake in Japanese automotive battery component supplier Dai Nippon Printing Co Ltd (DNP) (7912.T), sources familiar with the matter told Reuters on Tuesday. A DNP spokesperson said the company had confirmed Elliott's investment late last year, but declined to comment on details. The Financial Times, which first reported the news, said Elliott now holds a stake just under 5% worth $300 million. Elliott declined to comment. It recently won a board seat at Pinterest Inc (PINS.N) when the company added Elliott portfolio manager Marc Steinberg as a director.

☆ Activist investor Elliott Management takes stake in Salesforce -sources
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

Jan 22 (Reuters) - Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc (CRM.N), according to people familiar with the matter. It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott told Reuters. Salesforce did not immediately respond to a Reuters request for comment and Elliott declined to comment. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director.

☆ Activist investor Elliott Management reportedly takes stake in Salesforce
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: +2 min

Paul Singer, founder of Elliott Management, speaking at Delivering Alpha in New York on Sept. 13, 2016. Activist investor Elliott Management Corp has made a multi-billion dollar investment in cloud-based software firm Salesforce Inc, according to people familiar with the matter. It is unclear what Elliott, one of the world's most prominent activist investors, is pushing for at Salesforce. "We look forward to working constructively with Salesforce to realize the value befitting a company of its stature," Jesse Cohn, managing partner at Elliott told Reuters. It recently won a board seat at Pinterest Inc when the company added Elliott portfolio manager Marc Steinberg as a director.

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