Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
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Elliott engaged Phillips 66 in November 2023, calling for a series of improvements. The activist has since grown its position ...
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Elliott Management reduced its stake in the short-haul airline to 53,978,500 shares. Elliott Management sold 5,688,000 ...
The Dallas-based airline is shrinking its board from 15 members to 13 as part of an agreement with activist investor Elliott ...
BP shares rose sharply after it was revealed that activist hedge fund Elliott Investment Management had taken a stake in the ...
Two more Southwest Airlines board members will step down in April, finishing an overhaul in the company’s oversight group ...
Analysts suggest hedge fund will want board room shake-up, E&P focus, asset sales, spin-offs and could 'smoke out' corporate ...
BP Chairman Helge Lund is also regarded as vulnerable given Elliott's history of calling for management changes, both sets of analysts write. Lund is closely associated with BP's prior ...
Honeywell, one of the last remaining American industrial giants, announced it will split into three companies Thursday after ...
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