Bookmark Article
Activist hedge fund Elliott Management has acquired a stake in BP, prompting speculation of a potential takeover bid or activist shareholder intervention due to the company’s financial underperformance and lack of strategic clarity. Elliott’s increased individual bets and focus on strategic changes could lead to a push for BP to refocus on its core oil and gas business, potentially calling for a full break-up or business retrenchment. The firm, known for boardroom battles, has also recently targeted other companies such as Smiths Group and Honeywell for strategic changes.
Full Article
