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How Elliott's monthslong Starbucks campaign got it a better deal than it asked for
StarbucksStarbucks(US:SBUX) CNBC·2024-08-15 04:45

In this articleSBUXPeople seen around the Starbucks coffee store in Shenzhen, China.Jakub Porzycki | Nurphoto | Getty ImagesIn May, it was a 2.5billionstakeinTexasInstrumentsanda2.5 billion stake in Texas Instruments and a 1 billion-plus position at Johnson Controls. In June came a 2billionstakeinSouthwestAirlinesandanequallylargeinvestmentinJapaneseconglomerateSoftBank.Fora2 billion stake in Southwest Airlines and an equally large investment in Japanese conglomerate SoftBank.For a 69.7 billion hedge fund — even by the standards it has set — Elliott Management has operated at a scale and frequency this summer that's given even the ...