(Reuters) Activist investor Elliott Management Corp has taken a stake in Principal Financial Group Inc and plans to push for changes at the life Insurance company, Bloomberg reported late on Sunday, citing sources. The New York-based hedge fund is nearing a deal that will grant it seats on Principal Financial’s board and plans to launch a strategic review of the insurer’s portfolio that could include a sale of part of the business
Activist investor Elliott to buy stake in insurer Principal Financial:
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