Elliott lowers position in Juniper Networks
Elliott said it “remains constructive on the position, and believes that Juniper will weather the temporary slowdown and emerge with a leaner cost structure.”
The Allergan takeover bid from Actavis ended a seven-month hostile pursuit for Allergan by Valeant Pharmaceuticals.
In November, Mallinckrodt shares faltered after the US Food and Drug Administration (or FDA) reclassified the company’s generic drug for ADHD.
In October, Oi stated that it intends to participate in the consolidation of telecom industry in Brazil and to reduce its debt via asset sales.
FOX saw 17% growth at the Filmed Entertainment segment from higher theatrical revenues led by the success of Dawn of the Planet of the Apes.
Elliott Management Corporation disclosed an activist position in Interpublic Group and is pushing for a sale of the company.
Elliott Management suggested a tax-free spin-off of all of VMware from EMC by distributing VMware shares to current EMC shareholders.
Elliott Management suggested a tax-free spinoff of all of VMware from EMC by distributing VMware shares to current EMC shareholders.
On October 9, 2014, Time Warner announced that its shareholders approved the Comcast merger, with over 99% of votes cast in favor of the deal.
In October 2014, Elliott Advisors UK Limited disclosed a 4.9% stake in Family Dollar.
The total value of Elliott Management’s US long portfolio increased to $8.79 billion in 3Q14 from $7.15 billion in 2Q14.
Autohome said it provided dealer subscription services to 14,614 dealer subscribers in 3Q14, representing a year-over-year increase of 64.5%.
MasterCard plans to sustain its growth and revenue by improving its pricing and increasing its processed transactions.
Hertz plans to purchase around 350,000 model-year 2015 vehicles in the US, which is approximately 60% more than the number of 2014 model-year vehicles bought.
Total monthly active users of Qihoo 360’s PC-based products and services reached 495 million in September 2014, compared to 465 million in September 2013.
Revenue from the Broadcast Television segment increased 7.7%, driven by an increase in advertising revenue due to strong ratings at the NBC broadcast network.
Fidelity National Information Services is a large provider of banking and payments technology solutions and a global leader in consulting and outsourcing solutions.
Dollar General is the largest discount retailer in the United States by number of stores, with 11,715 stores located in 40 states as of October 31, 2014.
GoPro stock plunged in October on reports that its CEO gave 5.8 million Class A shares worth about $500 million to a charitable foundation.
Mobileye, the Israel-based vehicle safety technology company, earned gross proceeds from its initial public offering of $1.023 billion.