In January, eBay received a strongly worded letter from activist investors Elliott Management, outlining a way forward for the company that Elliott saw as floundering. Two weeks ago, the company announced it was restructuring operations and laying off some of its workers. Today, the company announced further steps toward reorganizing, much of which sounds straight […]
View More eBay announces plans for new strategic initiatives under pressure from investorsCategory: Elliott Management
Elliott Management letter puts eBay on notice to improve stock performance, sell StubHub
Elliott Management, a NYC investment firm well known for its activist streak, released a letter today sent to eBay’s management. The letter put the company on notice that the stock needs to do better, much better. And it outlined a five-step plan, including selling StubHub, it believes can get eBay there. Elliott is making this […]
View More Elliott Management letter puts eBay on notice to improve stock performance, sell StubHubActivist investors Elliott snag 10.3 percent stake in Commvault
Elliott Management, an investment firm long known for its activist streak, set it sights on Commvault today, purchasing a 10.3 percent stake and nominating four Elliott-friendly members to the company’s board of directors. It likely means that Elliott is ready to push the company to change direction and cut costs, if it sticks to its […]
View More Activist investors Elliott snag 10.3 percent stake in Commvault