Elliot Management Corporation (Elliot), one of the world’s largest activist funds with over $71bn in AUM, has disclosed that it now holds 9% of supply chain software platform E2open’s tradable stocks.
A report by Barron’s cited Elliot’s recent disclosure statements which note that the activist fund holds 27,250,000 shares in E2open. The fund purchased 8,334,679 shares with each share priced between $2.20 to $2.52 in mid-October.
The report quoted E2open as saying it, “encourages and maintains an open dialogue with all of our shareholders,” noting the activist funds substantial investment.
