XPO and ALU diving after Elliott buys in. Elliott Management reported coming into Norbert Dentressangle on June 16, they are attempting to block our delisting ND. We are now oversold. Since Elliott came in I have seen XPO go down several ticks on 1 share after hours and other strange stuff even for the after hours market which is weird enough most of the time. SEC should be alerted and put up another dragnet for XPO.
This is hard to prove, especially with Greece, but something is out of the ordinary. Management might know more.
Alcatel-Lucent (ALU) Stock Declines After Activist Hedge Fund Builds 1.3% Stake
ByTony OwusuFollow | 06/29/15 - 10:04 AM EDT
NEW YORK (TheStreet) -- Alcatel-Lucent (ALU - Get Report) shares are down 3.15% to $3.69 in early market trading on Monday after activist hedge fund Elliott Management disclosed a 1.3% stake in the company over the weekend.
The move comes weeks after the French telecom equipment manufacturer agreed to be purchased by Nokia (NOK) for $16.6 billion.
That merger was approved despite objections from London-based hedge fund Odey Asset Management, which is Alcatel's second largest investor, saying that the purchase price was to low.
Elliott Management has a history of building stakes in companies that are in the process of being acquired and then asking for a higher price to be paid by the bidder, according to the Financial Times.
The takeover agreement between Nokia and Alcatel would be difficult to derail because only Nokia shareholders will be given a vote on whether to proceed with the acquisition, the Times noted.
Both companies already approved the terms of the transaction and hope to close the deal in the first half of 2016.
https://www.thestreet.com/story/13202033/1/alcatel-lucent-alu-stock-declines-after-activist-hedge-fund-builds-13-stake.html
©