Hedge fund Elliott Management is looking beyond activism to full-blown takeovers and has asked investors for $2B to take companies private, The Wall Street Journal reports. In its annual letter to investors viewed by the Journal, Elliott called activism and private equity a “powerful combination.” Elliott has pushed for change at companies that include Nielsen (NLSN), Sempra Energy (SRE) and Pernod Ricard (PDRDY), agreed in November to purchase Athenahealth (ATHN) for about $5.5B alongside Veritas Capital and offered to buy QEP Resources (QEP) this month. The firm was also previously near a deal to back a buyout of Arconic (ARNC) by Apollo (APO).
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