Activist investor Elliott acquires $2.5B stake in Texas Instruments, urges improved free cash flow.
Activist investor Elliott Investment Management has acquired a $2.5 billion stake in Texas Instruments and is urging the company to improve its free cash flow. Elliott suggests introducing a dynamic capacity-management strategy to achieve $9 or more per share free cash flow by 2026. Texas Instruments has been experiencing industry-wide chip order struggles but its latest earnings outlook indicates customers are resuming chip orders.
May 28, 2024
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