Deals
Elliott Takes Stake in Software Firm Micro Focus
- Activist investor expected to push for changes at company
- Company struggling with integration of Hewlett Packard assets
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Elliott Management Corp., the New York hedge fund run by billionaire Paul Singer, has built a position in Micro Focus International Plc and plans to push for changes at the U.K. software company, according to people familiar with the matter.
The size of Elliott’s holding and the changes it would be seeking aren’t clear, the people said, declining to be identified as the issue is confidential.