Activist investor Elliott takes stake in Slack owner Salesforce

US investment group typically buys stakes in underperforming firms and seeks changes to way they are run

The US activist investor firm Elliott Investment Management has taken a multibillion-dollar stake in Salesforce, the business software company that owns the Slack messaging platform.

Elliott, which typically buys stakes in underperforming companies and seeks changes to the way they are run, said it was looking forward to working “constructively” with the San Francisco-based company, without revealing any strategic proposals.

Continue reading…

​US investment group typically buys stakes in underperforming firms and seeks changes to way they are runThe US activist investor firm Elliott Investment Management has taken a multibillion-dollar stake in Salesforce, the business software company that owns the Slack messaging platform.Elliott, which typically buys stakes in underperforming companies and seeks changes to the way they are run, said it was looking forward to working “constructively” with the San Francisco-based company, without revealing any strategic proposals. Continue reading…