04:23 PM EDT, 07/19/2024 (MT Newswires) -- (Updates with additional details in the second paragraph and attempt to reach companies in the third paragraph.)

Elliott Investment Management has built a large stake in Starbucks ( SBUX ) , and the activist has pushed the coffee company privately on ways to enhance its stock price, The Wall Street Journal reported Friday, citing people familiar with the matter.

The precise size of Elliott's stake in Starbucks ( SBUX ) and its additional demands, such as board seats, remain undisclosed, the report added.

Starbucks ( SBUX ) and Elliott did not immediately respond to requests for comment by MT Newswires.

(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.)

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