Elliott Management is taking aim at Alcatel-Lucent given its sale to Nokia. Elliott owns 1.3% of Alcatel (equity swaps).
Recall that Odey Asset Management took Alcatel to task last month over the buyout price offered by Nokia – saying the offer was unacceptable.
It’s unclear what Elliott will push for, but it’s worth noting that it likely won’t be able to stop the deal. Only half of the Alcatel shares have to approve the deal.
Voss Capital is betting on a housing market boom
The Voss Value Fund was up 4.09% net for the second quarter, while the Voss Value Offshore Fund was up 3.93%. The Russell 2000 returned 25.42%, the Russell 2000 Value returned 18.24%, and the S&P 500 gained 20.54%. In July, the funds did much better with a return of 15.25% for the Voss Value Fund Read More