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Elliott Management Takes $2.5 Billion Stake in Texas Instruments ($TXN), Urges Better Free Cash Flow

May 28, 2024, 01:11 PM

Activist investor Elliott Management has taken a $2.5 billion stake in Texas Instruments ($TXN). The hedge fund, as reported by CNBC, is urging the company to improve its free cash flow. This move is seen as part of Elliott's broader strategy to enhance shareholder value through active engagement with the companies it invests in.