NetApp Inc. (NASDAQ:NTAP) shares rose by more than 6 percent on today’s market after Elliot Management Corp, the investment vehicle run by Paul Singer, revealed that it had taken a position in the firm in the company’s 13F filing for the first quarter, made public yesterday. A report from Businessweek today suggests that the investment fund may consider an activist run at the company. NetApp Inc. (NASDAQ:NTAP) operates in the data storage business, a highly competitive area that is coming into its own in 2013. Companies in the business are beginning to see more and more demand for their services as…
NetApp Under Activist Pressure from Paul Singer
HFA Staff
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