'Activist Elliott takes $2.5 billion stake in Texas Instruments, urges company to improve free cash flow' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Activist investor Elliott Management has taken a $2.5 billion stake in Texas Instruments (TXN) and is urging the company to improve its free cash flow.
May 28, 2024 | 1:07 pm
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Elliott Management has acquired a $2.5 billion stake in Texas Instruments and is advocating for the company to enhance its free cash flow.
Elliott Management's significant investment and push for better free cash flow could lead to operational changes and potentially higher profitability, positively impacting TXN's stock price in the short term.
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IMPORTANCE 90
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