Elliot allegedly takes $1.2 billion stake in HPE - Breaking The News

Elliot allegedly takes $1.2 billion stake in HPE

15 April

1 min read

HPE MEDIA ASSETS / HOUSTON CAMPUS

Elliott Management is taking a stake worth more than $1.15 billion in Hewlett Packard Enterprise, CNBC reported Tuesday, citing people familiar with the matter.

According to the report, the investment firm plans to engage with HPE leadership to explore strategies for enhancing shareholder value. Elliott Management has not yet detailed its proposals but is reportedly seeking constructive discussions with the company.

Hewlett Packard Enterprise Company's shares jumped 7% after the report came out, selling at $34.

mergers and acquisitions elliott hpe

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