Elliott takes 4.99% stake in Boyd Gaming; shares +5.1% AH

|About: Boyd Gaming Corporation (BYD)|By:, SA News Editor

Activist investor Elliott Management discloses it owns 5.38M Boyd (BYD) shares, good for a 4.99% stake. The firm also says it has "economic exposure to approximately 2.05% of the shares of Common Stock outstanding pursuant to Derivative Agreements."  (13D)

Elliott has a long track record of mounting activist campaigns in which it calls for a company to make big changes and/or put itself on sale.