Big Week For Hedge Fund Elliott Showcases Activist Muscle

Law360, New York (January 10, 2014, 5:07 PM EST) -- A busy week for Elliott Management Corp. that included two separate multibillion-dollar plays, more forced divestments at an erstwhile target and new board seats lends credence to predictions that activists will cement their place as key market drivers in 2014.

New York-based Elliott, helmed by billionaire Paul Singer, has been among the highest-profile funds to chase after underperforming companies, scooping up stakes and then leveraging them to force strategic and operational change. By the end of its blitz Thursday, the firm had dabbled in — if...
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