(Reuters) Shares of Travelport Worldwide Ltd (TVPT.N) jumped 17 percent on Monday after activist hedge fund Elliott Management Corp disclosed a large stake and said it might try to purchase the travel software company outright. The move is the latest example of how Elliott uses its private equity arm, Evergreen Coast Capital Partners, to pressure companies to explore a sale. Elliott successfully used the strategy on LifeLock, which was later sold to Symantec Corp.
Travelport Shares Jump 17 Percent as Hedge Fund Elliott Buys Stake
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