Tech
Elliott builds $1.5-billion stake in Hewlett Packard Enterprise
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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.
Elliott, one of the world’s biggest activist investors, now ranks among the information technology company’s biggest investors and plans to engage with management, said the person who was not permitted to discuss the campaign publicly.
Details of what Elliott may be pushing HPE, which is valued at $20 billion, to do could not be immediately determined.
News of Elliott’s campaign, first…
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