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flag Elliott Investment Management's $1.5B stake in HPE boosts stock amid layoffs and legal battles.

flag Hewlett Packard Enterprise (HPE) saw its stock rise after activist investor Elliott Investment Management acquired a $1.5 billion stake, aiming to boost shareholder value. flag HPE's stock has faced volatility this year, with a 30.3% drop since the start of the year. flag Elliott's involvement follows HPE's reported plans to lay off 5% of its workforce and its legal battle with the U.S. Department of Justice over its acquisition of Juniper Networks.

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