Activist investor Elliott builds up stake in London Stock Exchange Group
by Joanna Partridge from US news | The Guardian on (#73G24)
US firm held talks with LSEG to push performance at time of reduced listings and AI concerns
The activist investor Elliott Management has built up a significant" stake in the London Stock Exchange Group (LSEG) and is engaging with the company to drive its performance at a time of reduced listings and concerns about disruption from artificial intelligence.
Elliott's exact shareholding in LSEG was unclear; the Financial Times, which first reported the stake, added that the fund had been in talks with LSEG to help it work on improvement, encourage the group to consider a fresh share buyback and to try to narrow the gap with its rivals.
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