Elliott Management claims Cognizant is underperforming as it grabs $1.4bn stake

clock
Elliott Management claims Cognizant is underperforming as it grabs $1.4bn stake

Activist investor throws weight around after taking significant position in IT services outfit

Activist investor Elliott Management has announced it has immediately proposed that Cognizant enact substantial changes after taking a $1.4bn position in the IT consultancy. The hedge fund, well...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

More on Careers and Skills

Okta hires new channel chief

Okta hires new channel chief

Bill Hustad has been appointed to the role of SVP of Global Partners and Alliances at the identity giant

clock 15 August 2022 • 2 min read
BT 'disappointed' as workers set to strike again over pay row

BT 'disappointed' as workers set to strike again over pay row

The Communication Workers Union has notified the telecoms giant of strikes at the end of August

clock 15 August 2022 • 2 min read
Microsoft teams up with West Midlands to deliver digital skills boost in region

Microsoft teams up with West Midlands to deliver digital skills boost in region

It comes with the demand for tech skills said to be 'soaring'

clock 11 August 2022 • 2 min read