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Elliott Investment Management's $1.5B stake in HPE boosts stock amid layoffs and legal battles.
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.
HPE's stock has faced volatility this year, with a 30.3% drop since the start of the year.
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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La participación de 1,5 mil millones de dólares de Elliott Investment Management en HPE aumenta el valor de las acciones en medio de despidos y batallas legales.