Comment on Activist investor Elliott targets Akamai, calls shares undervalued

Activist investor Elliott targets Akamai, calls shares undervalued

Elliott Management, an activist hedge fund controlled by billionaire Paul Singer, has taken a 6.5 percent stake in Cambridge-based Akamai Technologies Inc. (Nasdaq: AKAM), a sure sign that change is coming for a valuable pillar of the Massachusetts tech industry. Elliot's stake was revealed in a regulatory filing with the U.S.

 

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