Activist Elliott takes $1.5bn stake in Hewlett Packard Enterprise

Activist seeks CEO change at Hewlett Packard Enterprise

The ScoopHPE’s board is expected to meet in coming days to discuss whether to replace CEO Antonio Neri, a Hewlett Packard lifer who has run the company since 2018, following a proposal from activist investor Elliott Management to do that, according to people close to the company.Elliott has a $1.5 billion stake in HPE and wrote in a letter to HPE’s board earlier this week that it would push for Neri’s replacement, some of the people said. If Ell…

Activist Investor Elliott Picks a Fight for Change at HPE

Elliott Management has infiltrated the shareholder ranks of Hewlett Packard Enterprise, reportedly snatching up $1.5 billion worth of HPE’s stock with the goal of turning around a company that has lost more than a fourth of its market value this year. The server provider — which split off from the consumer-facing printer and PC company HP a decade ago — disappointed investors last month when it predicted its second-quarter and full-year earnings…

Activist investor targets Hewlett Packard by reportedly building $1.5B stake

Hedge fund Elliott Investment Management has built a stake of more than $1.5 billion in Hewlett Packard Enterprise, a person familiar with the matter said on Tuesday.

Activist Elliott takes $1.5bn stake in Hewlett Packard Enterprise

Hedge fund group seeks to turn around hardware and software manufacturer’s languishing performance

HPE shares pop after activist Elliott Management takes $1.15 billion stake

Elliott to Take Over $1.5 Billion Stake in HP Enterprise

Elliott Investment Management has built a large position worth more than $1.5 billion in Hewlett Packard Enterprise Co., according to people familiar with the matter.