Market Currents
Elliott Associates discloses it has lowered its stake in Brocade (BRCD) to 5.9% from a prior...
-
Friday, September 21, 2012, 5:59 PM ETElliott Associates discloses it has lowered its stake in Brocade (BRCD) to 5.9% from a prior 8.4%, even though the activist investor says it supports Brocade's planned CEO change. Some have speculated the departure of current CEO Michael Klayko will help facilitate a sale, but Elliott isn't exactly providing a vote of confidence. Of course, it's possible the firm has just decided to book profits in light of Brocade's summer run-up.
Other date
TECH ETFs IN FOCUS
Latest Tech Articles
