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The Free Advice of Activist Investors is Worth Plenty to Shareholders


At 8:38 a.m. on June 11, the activist investment firm Elliott Management—run by billionaire Paul Singer—disclosed that it controlled a 7.1% interest in software vendor Citrix Systems, and wanted to meet with management to discuss its proposal to overhaul the company. More than seven hours passed before Fort Lauderdale-based Citrix produced a noncommittal, one-paragraph, reply. By then the game already was on, with the stock trading up $4.42, or 7%...

Mentions: Investment Management Investors