Browsing Tag
Elliott Investment Management
28 posts
Global Payments (GPN) jumps 13% on reported CD&R buyout talks, but $22bn debt burden complicates the deal
Global Payments shares rallied following reports that Clayton, Dubilier & Rice is exploring a take-private transaction with major shareholder GTCR. A deal could become one of the largest leveraged buyouts in the payments industry, although its financing requirements, shareholder approval and the economics of the recently completed Worldpay acquisition remain unresolved.
GTCR and Elliott agree $6.1bn acquisition of CCC Intelligent Solutions
GTCR and Elliott have agreed to acquire CCC Intelligent Solutions for approximately $6.1 billion, offering shareholders $7.75 per share. The deal highlights private equity confidence in insurance software platforms with embedded workflows and substantial customer networks, even as AI reshapes industry competition and pricing expectations.
PepsiCo cuts 2026 profit-growth outlook as North America recovery takes longer
PepsiCo delivered higher third-quarter revenue and better snack volumes but reduced its core earnings-growth forecast as North American margins, inflation and investment requirements offset stronger international performance.
Northern Star Resources (ASX: NST) holds most of takeover pop as Gold Fields bid tests A$27 valuation
Northern Star Resources has slipped only modestly since its initial takeover rally, leaving investors between the company’s rejection of Gold Fields and a market price still well below the proposal’s original A$27 implied value.
Is PepsiCo stock a buy after recent weakness? Valuation improves but North America remains the test
PepsiCo’s share price has moved close to its 52-week low, lifting the dividend yield and lowering the earnings multiple. The valuation is increasingly attractive, but the investment case still depends on a gradual North American recovery.
BP (LSE: BP.) tops FTSE 100 as Q2 trading statement delivers early win for Meg O’Neill
BP (LSE: BP.) guides $6-7bn quarterly debt reduction and $4bn price tailwind in Q2 trading update, sending shares to the top of the FTSE 100 leaderboard.
CCC Intelligent Solutions sale process tests value of insurance AI and claims data
CCC Intelligent Solutions is exploring a sale after a steep valuation decline, giving potential buyers access to insurance claims data, recurring software revenue and a large repair-network ecosystem.
Northern Star Resources (ASX:NST) jumps on new CEO, but can the turnaround restore trust?
Northern Star Resources (ASX:NST) has a new CEO and met revised output guidance, but Elliott’s A$1 billion campaign keeps the real question on execution.
Carnival (NYSE: CCL) Q2 FY26 print meets Iran fuel shock as PROPEL 2029 targets land
Carnival (NYSE: CCL) just printed record Q1 and launched a USD 2.5B buyback. The Iran fuel shock is the part the bull case has to absorb.
Why is Elliott’s stake in Northern Star Resources (NST) now a major ASX gold sector signal?
Elliott’s A$1bn Northern Star stake puts ASX under pressure. The real question is whether governance, operations or M&A moves first.