Tag: Elliott Management

I’m not surprised we’re back here talking about Vivint again, if anything I think I’m feeling a bit justified with my earlier assessment of the situation, at least where optics are concerned. I talked about it a bit in a previous blog post. To say I was uncharitable would gild the lily, so I'll just say I was honest about my views of the potential sale. Truthfully, I thought the deal wasn’t going to happen at all considering the various lawsuits and implied liability...

HOUSTON – Smart home company Vivint has branched out into a new residential product category this month as its parent company faces opposition from investors. Vivint Smart Lighting is a solution the company said is designed to make homes, "Safer, smarter, and more sustainable.” The company said the products allow users to place switches anywhere without requiring electrical work while expanding the smart capability of a home.  It marks one of the first major announcements...

TOKYO—In a bid that industry analysts told Security Systems News is intended to get Canon to increase its $2.8 billion offer for Axis Communications, Elliott Management, a New York hedge fund, increased its stake in Axis to 10.91 percent and has not yet sold those shares to Canon.Canon now owns 84 percent of Axis shares. On April 24, Canon extended the offer period a second time, from the original April 15 to May 5. Canon said it would neither extend the offer period again nor raise its offer...