14th > December > 2012 Archive

Bolshy investor sinks teeth into weakened Emulex, tears off another chunk

Under-performing storage network adaptor outfit Emulex is being stalked by activist hedge fund investor Elliott Management, run by billionaire Paul Singer. Elliott snaffled up an extra 1.34 per cent stake in the firm to bring its slice up to 11.3 per cent, making it the largest shareholder. This represents the best hope for Emulex investors angry at its $130m bid for Endace. Is an Elliott bid for Emulex coming?
14 Dec 19:03 | 2

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