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Elliott Takes $2.5 Billion Stake in Texas Instruments, CNBC Reports
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Elliott Takes $2.5 Billion Stake in Texas Instruments, CNBC Reports
May 28, 2024 6:55 AM

09:22 AM EDT, 05/28/2024 (MT Newswires) -- Activist hedge fund Elliott has made a $2.5 billion investment in Texas Instruments ( TXN ) and is urging the company to improve its free cash flow, CNBC reported Tuesday, citing a 13-page letter it viewed.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 205.87, Change: +6.69, Percent Change: +3.36

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