Elliott Investment Management invests $1.5bn in HPE to enhance value

From Yahoo Finance: 2025-04-16 07:54:00

Elliott Investment Management has invested over $1.5bn in Hewlett Packard Enterprise (HPE) to enhance its value. HPE, led by CEO Antonio Neri, plans to lay off 5% of its workforce, saving $350m by 2027. DOJ filed a lawsuit to block HPE’s $14bn acquisition of Juniper Networks, citing competition concerns.

Read more: Elliott Investment Management acquires $1.5bn stake in HPE