Activist Starboard and Elliott's Target, Emulex CFO ResignsVW Staff
Emulex Corporation (NYSE:ELX), a provider of data networks, is under the eyes of two noted U.S.-based activist investors these days. Paul Singer's Elliott Management has a 10 percent position, whereas Jeffrey Smith from Starboard Value has a 7.9 percent stake in Emulex, updated last week as per a 13D/A filing. Today Emulex made two major announcements, one of which was that its CFO, Michael J. Rockenbach, has resigned from the company, effective December 31. Rockenbach . . .
This content is exclusively for paying members. Sign up here
If you are subscribed and having an account error please clear cache and cookies if that does not work email firstname.lastname@example.org or click chat