This ‘activist investor’ discloses its stakes in each company, suggests a merger would be wise.
Story by Dave Michels, NoJitter
Elliott Management, a hedge fund manager, today disclosed equity investments of about $100 million each in Polycom and Mitel, and stated that it believes that the two companies should consolidate.
In a letter to Polycom’s board of directors, Elliot outlined potential financial benefits of such a merger. While there may indeed be some short-term financial benefits, I have concern over longer-term fit and viability.
