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General

Elliott Management takes stake in F5 Networks - report

Monday 9 November 2020 | 10:52 CET | News
US investment fund investor Elliott Management has bought a stake in F5 Networks, and has contacted the company's management to talk about ways to drive up its share price, the Wall Street Journal reported, citing sources close the matter. F5 Networks reported better-than-expected results for the fourth quarter but the company's shares were earlier hit hard by the coronavirus pandemic. Among other things, Elliott managers question the company's recent acquisitions of Shape Security and Nginx Software, suggesting F5 may have overpaid without a clear integration strategy, the sources said. 

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Categories: General
Companies: F5 Networks
Countries: World
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