Activist Starboard and Elliott's Target, Emulex CFO Resigns
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 . . .
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