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VisitElliott 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.
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Markets
Yes • 50%
No • 50%
SEC filings and major financial news outlets
Yes • 50%
No • 50%
Texas Instruments official press releases and financial statements
No • 50%
Yes • 50%
Stock market data and financial news reports
No change in cash flow • 25%
Significant improvement in free cash flow • 25%
Modest improvement • 25%
Decrease in cash flow • 25%
Financial news, analyst reports, and company statements
Oppose Elliott's proposals • 50%
Support Elliott's proposals • 50%
Shareholder meeting records, major financial news outlets
Revenue growth initiatives • 34%
Cost reduction • 33%
Asset divestitures • 33%
Texas Instruments official communications and strategy updates