Subscribe to RSS - Elliott Management

Elliott Management

Canon-Axis deal done despite hedge-fund holdout

Canon now owns 84 percent of shares, Elliott Management increases stake

TOKYO—In a bid that industry analysts told Security Systems News is intended to get Canon to increase its $2.8 billion offer for Axis Communications, Elliott Management, a New York hedge fund, increased its stake in Axis to 10.91 percent and has not yet sold those shares to Canon.