HPE rises after receiving the $ 1.5 billion stake of the activist Elliott management

Shares Hewlett Packard Enterprise Elliott jumped about 5% after investing management, more than $ 1.5 billion in the server manufacturer, told CNBC.

The active investor hopes to participate in discussions on how to improve the value of the shareholder.

Elliott and HPE refused to comment on the news.

The shares of the data center equipment manufacturer lost more than the fourth this year. Company last month The quarterly income Expectations, but weak finances gave the full management. HPE said he struggled with the highest discount and expected price arrangements with an increase in overlapping ability.

Elliott has a long history To push for changes in some of The largest companies in the worldincluding Righteousness, Southwest Airlines and Starbucks.

The latest, the investment management firm took one $ 1.5 billion stake In industry software manufacturer Aspen technologyAnd this is the fact that Emerson Electricity has set up an agreement that will allow the remaining shares of the company $ 7.2 billion. Firm in March named candidates A share of $ 2.5 billion, the company of the oil company Phillips 66 company company added to 66.

HPE is currently trying to get juniper networks $ 14 billionBut the US Department of Justice were sued to prevent the deal at the beginning of this year.

Bloomberg gave the first news.

Correction: This story has been updated to reflect Elliott received a $ 1.5 billion stake in HPE. The previous version of the story made an error.