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Activist Investor Elliott Builds LSEG Stake to Push for Change, Source Says
10 Articles
10 Articles
Activist investor Elliott builds LSEG stake to push for change, source says
Activist investor Elliott Management has built a stake in the London Stock Exchange Group and is engaging with the financial data and analytics group to improve its performance, a person familiar with the matter told Reuters on Wednesday.
According to a report, the investor has purchased significant shares in the London Stock Exchange operator, and the company's securities have lost 35 percent in value within a year.
Elliott Management increases its stake in the London Stock Exchange (LSEG) and collaborates with its CEO to drive a restructuring in the face of AI challenges and a weak stock market.
This initiative comes at a time when the action of the London Stock Exchange's parent company has lost more than 35% in a year in a context of increased competition and the growth of artificial intelligence.
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