The Latest Breaking News from Elliott

Challenger, Gray & Christmas noted “the rise of the CEO gig economy” earlier this year. The circling sharks of activists are part of the reason why.

Workday stock is gaining momentum after Elliott Management disclosed a $2 billion stake in the enterprise software company.

PepsiCo Inc. (NASDAQ:PEP) is struggling with deteriorating financial health, marked by rising debt and weak cash flow, and the recent arrival of activist investor Elliott Investment Management is unlikely to provide a near-term solution, according to a research note from GimmeCredit.

At stake is Citgo’s 800,000-barrel-a-day refining network, a series of pipelines and terminals, and marketing deals with 4,000 independently owned retail outlets.

Shares of Workday Inc. (NASDAQ:WDAY) are rising Wednesday after activist investor Elliott Investment Management revealed a $2 billion stake in the human resources technology firm, signaling strong confidence in recent moves.

PepsiCo (PEP) stock is down nearly 20% in 12 months as GLP-1 fears, inflation, and margin pressure weigh. Elliott urges brand sales; its dividend stays intact.

PepsiCo stock jumped after activist investor Elliott Management disclosed a $4 billion stake, betting on a historic turnaround at the consumer giant.

Less than a week after Starboard Value reported a stake in Bill Holdings Inc (NYSE:BILL), a new report links activist hedge fund Elliott Management to taking a stake in the payments company.

A key hedge fund is betting billions on PepsiCo, a stock with a long streak of underperformance. The fund believes its plan can revitalize the sleeping giant.

The activist hedge fund is demanding sharper focus on beverages and efficiency gains, raising the prospect of major changes at the global drinks and snacks giant.

Activist investor Elliott Investment Management has taken a roughly $4 billion stake in PepsiCo Inc (NYSE:PEP), making it one of the company’s top five active shareholders.