Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
Elliott builds £3.8bn stake in BP and seeks big asset sales
Activist Elliott Management has become BP’s third-largest shareholder after building a near-5 per cent stake worth almost £3.8bn, as it seeks to force the troubled UK oil major to cut spending on renewable energy and make big divestments,
When Elliott Investment Management buys into a company to agitate for change, bankers and lawyers who have faced the hedge ...
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Paul Singer’s Elliott Investment Management disclosed in an SEC filing its holdings as of December 31, 2024. The fund exited two positions ...
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Honeywell to split into 3 companies after Elliott Management takes $5 bn stakeHoneywell said it would separate its aerospace and automation businesses into separate entities, alongside its previously ...
Honeywell International Inc. will split into separate publicly traded companies following pressure from an activist investor, ...
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Feb. 11, 2025 /PRNewswire/ -- Elliott Investment Management ... In that situation, board and management enhancements led to operational improvement, portfolio-rationalization and significant ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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