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    1. Billionaire Paul Singer's Fund Reportedly Seeks to Scupper Chevron-Noble Deal

      Billionaire Paul Singer's Fund Reportedly Seeks to Scupper Chevron-Noble Deal

      Activist investor Elliott Management Corp. has bought a stake in Noble Energy Inc. in a reported bid to push the oil and gas explorer to abandon its plans to sell itself to Chevron Corp. Elliot Management, a New York-based hedge fund run by billionaire Paul Singer, believes the Chevron deal undervalues Noble Energy, Bloomberg reported on September 9, citing people familiar with the matter...

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    2. Activist Investor Starboard Calls for 'Substantial Change' at Israel's Mellanox

      Activist Investor Starboard Calls for 'Substantial Change' at Israel's Mellanox

      In a letter to Israel’s Mellanox Technologies Ltd., activist investor Starboard Value LP, which is the company’s largest shareholder, attributed the firm’s underperformance compared to other semiconductor companies to “weak execution,” “excessive spending” and “missed growth opportunities.” Starboard, a New York-based investment adviser that invests in publicly traded US companies, in November acquired a 10.7 percent stake in the Israeli maker of servers and storage switching solutions, in a bid to turn around its fortunes. “We invested in Mellanox because we believe the company is deeply undervalued and there are significant opportunities to create value based ...

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