(Reuters) - Activist investor Elliott Investment Management has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes within the company. This move by the hedge fund is expected to bring about significant shifts in the airline industry, as Elliott Management is known for its aggressive tactics in driving change and maximizing shareholder value.
Elliott Management has reportedly re-established a significant stake in SoftBank (OTC:SFTBY) and is advocating for a $15 billion share buyback. This news has caused a stir in the market, with SoftBank Group shares rising as much as 6.3% on Wednesday following a Financial Times report on Elliott Management's involvement.
Hedge fund Elliott Investment Management has gone all activist again, this time targeting SoftBank – and not for the first time. The firm has built a sizable stake in SoftBank Group Corp. and is pushing the Japanese conglomerate to make strategic changes to unlock shareholder value.