Elliott builds BP stake of nearly 5%, pushes for big divestments, source says
Activist investor Elliott Management has built a near 5% stake in BP and is pushing the oil company to take radical action to transform its performance, including a big divestment programme, a source familiar with the matter told Reuters on Thursday.
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil ...
Shares of energy companies rose as one prominent Wall Street firm increased its exposure to the sector.
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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