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Hedge Fund Elliott Says Has Strategic Goals for Stada

(Reuters) Elliott, the activist hedge fund founded by Paul Singer, has strategic goals for German generic drugmaker Stada (STAGn.DE) but will not press for boardroom changes, Stada said. “The prevalent aim of the investment is implementing strategic objectives where the sale of the shares shall not be excluded,” Elliott told Stada on Sept. 18, according to a regulatory filing published by Stada on Tuesday.

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