(FINalternatives) Just days after Paul Singer’s Elliott Management raised $5 billion in fresh capital, the activist investor has disclosed a significant stake in network software maker Gigamon and promised to speak to management about a “strategic review.” The news prompted a nearly 18% jump in the company’s share price Monday. Elliott’s 15.3% stake in Gigamon was revealed in a regulatory filing, according to a Reuters article, and is larger than the typical 5-8% initial position often revealed by activist investors.
Singer’s Elliott Management Reveals 15.3% Stake in Gigamon
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