NYT – For years, Elliott Management has taken on progressively bigger companies for its activist campaigns. Now the $25 billion hedge fund has homed in on its biggest-ever potential target.
Elliott has built up a position worth at least $1 billion in EMC Corporation, the computer storage company, with the intent of pushing for a breakup, people briefed on the matter said. Chief among the hedge fund’s arguments is the spinoff of VMware, the virtualization software specialist in which EMC owns an 80 percent stake.
