Elliott Management rumored to cut AT&T stake to zero

Discussion in 'Wall St. News' started by destriero, Jul 1, 2020.

  1. destriero

    destriero

    I've talked to two people at large funds who are not acquaintances and both told me the same story. One trades debt in the EU and one trades equity vol in the US.

    Look. Out. Below.
     
    #1     Jul 1, 2020
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  2. Clubber Lang

    Clubber Lang

    Wow good heads up
    Thanks Dest
     
    #2     Jul 1, 2020
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  3. formikatrading

    formikatrading

    Based on how the stock has been trading, they should have cut it to zero a while back!
     
    #3     Jul 1, 2020
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  4. luckyfnlou

    luckyfnlou

    Thanks. I am extremely biased against T so I'll likely just watch. Still, thanks for the heads up.
     
    #4     Jul 1, 2020
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  5. Nighthawk

    Nighthawk

    Cutting to zero would be "appreciated" to free some monies for some real Alpha plays....;)

    BTW: real Alpha plays - I just "stumbled" upon this here:

    Rating Action:
    Moody's places Deoleo's ratings on review for upgrade following debt restructuring

    01 Jul 2020


    https://www.moodys.com/research/Moo...g-debt--PR_427498?cid=HFGG75LYEO30&yptr=yahoo

    Quote: "As of year-end 2019, Deoleo was controlled by funds advised by private equity firm CVC Capital Partners, which held a 56.4% stake in the company."

    CVC Capital Partners should ring some bells.....:sneaky::sneaky::sneaky:

    https://finance.yahoo.com/quote/OLE.MC?p=OLE.MC&.tsrc=fin-srch
     
    #5     Jul 2, 2020
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