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Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls

Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls
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Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls

(Bloomberg) Activist investor Elliott Investment Management has built a large position in industrial giant Johnson Controls International Plc, whose performance has lagged its peers, according to people familiar with the matter. Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeChina’s Housing Rescue Too Small to End Crisis, Analysts SayEbrahim Raisi, Iranian President Confronting West, Dies at 63 ....

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Johnson Controls Stock Rises As Elliott Reportedly Takes $1 Billion-Plus Stake

Johnson Controls stock moved higher in premarket trading Monday after a report that activist investor Elliott Investment Management has taken a stake of more than $1 billion in the company. Monitor this important chart level. ....

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