elliott management
AT&T to add new directors, sell up to $10 billion in assets next year
AT&T on Monday unveiled a three-year strategic plan that included adding two new board members, selling off up to $10 billion worth of non-core businesses next year and paying off...
Jeff Zucker 'leading candidate' for WarnerMedia CEO: report
CNN boss Jeff Zucker may be ready for his close-up. The boss of the left-leaning news network is said to be the “leading, if not only” internal candidate to become...
Billionaire activist Paul Singer reveals $3.2B stake in AT&T
The hedge fund billionaire known for seizing an Argentine navy vessel as partial payment for a debt is taking aim at AT&T — the telecom behemoth that also owns HBO...
AT&T hires Goldman Sachs to defend against activist hedge fund
AT&T has hired Goldman Sachs to defend itself against activist investor Paul Singer, whose hedge fund is calling on the company to sell assets, including its DirectTV satellite service, The...
Activist investor questions AT&T-Time Warner deal, calls for asset sales
AT&T shareholder Elliott Management on Monday questioned the wireless carrier’s $85 billion takeover of Time Warner and called for it to sell non-core businesses to boost its stock price, driving...
Paul Singer retreats on price of yet another buyout bid
Yet another bold buyout engineered by Paul Singer is in danger of fizzling. The hard-charging billionaire’s activist hedge fund Elliott Management has slashed the price of its takeover bid for...
Barnes & Noble bought by Elliott Management in $683 million deal
Barnes & Noble is finally going private — and Len Riggio is finally leaving the corner office. The 78-year-old bookseller baron has agreed to sell the chain for $475 million...
Software giant Citrix hires Goldman to explore sale after Singer push
Prodded by billionaire investor Paul Singer, Citrix Systems has hired Goldman Sachs to explore a possible sale of the company, The Post has learned. The cloud-computing firm is looking to...
Aluminum titan Arconic to split in two, complicating sale prospects
The New York-based company shocked Wall Street on Friday with a surprise announcement that it’s splitting into two companies, sending shares to dive 3.3 percent.
Paul Singer's hard-ball tactics are beginning to fizzle
Paul Singer’s hardball tactics as a corporate gate-crasher haven’t been paying off lately. The billionaire boss of Elliott Management has been battling with companies in record numbers — launching campaigns...
Elliott Management emerges as biggest shareholder activist in 2018
Hedge fund Elliott Management was the most prolific shareholder activist in 2018 — but its track record is less stellar. Last year, the Paul Singer-led fund launched 22 campaigns for...
Arconic replaces CEO in slap to hedge fund Elliott Management
Activist hedge fund Elliott Management suffered a setback in its push to sell aluminum company Arconic following an unexpected C-Suite reshuffling that ousted a major Elliott ally, sources told The...
Bankers gave out Arconic chairman's number to push buyout talks
Sometimes working on Wall Street is no different from playing pranks in middle school. Hard-charging investment bankers suspected to be working for billionaire Paul Singer have been using a bizarre...
Elliott Management will likely wage proxy campaign to shake up Arconic
So you want to protect your retirees’ pensions? That could get you into trouble with the state of Delaware. Elliott Management — reeling from the surprise rejection of a $10...
EBay shares surge 12 percent after activist investor calls for breakup
EBay may want to slim down to boost its stock price. That, at least, is according to Paul Singer’s Elliott Management, which argued Tuesday that a spinoff or sale of...
Arconic shares plunge 25 percent as company cancels auction
Aluminum giant Arconic’s shares folded Tuesday after the company said it was abandoning talks to sell itself — a surprise announcement that sent its stock tumbling 16 percent, to $17.09....
Apollo close to $10.6B deal to buy Arconic
Apollo Global Management is nearing a deal to buy aluminum giant Arconic in a deal valued at roughly $22 a share, or $10.6 billion, The Post has learned. The board...
Apollo’s $20B Arconic bid hung up on credit worries: sources
A deal that was supposed to be the biggest leveraged buyout of 2018 has been delayed into next year by recent turmoil in the credit markets, The Post has learned....
Singer's activist fund unveils $1B stake in distiller Pernod Ricard
Like a good martini, maybe the board at this liquor manufacturer needs a little shaking up. Activist investor Paul Singer unveiled a $1.1 billion stake in Pernod Ricard — the...
UK politicians blast Arconic's sale talks with Paul Singer
The sale of Arconic — an aluminum manufacturer whose construction panels were partly blamed for the quick spread of the 2017 London Grenfell Tower fire that killed 72 people —...