Activist Elliott Supports Alcoa Spinoff; Unveils 6.4% Stake
November 23, 2015 at 11:54 AM EST
Citigroup analyst Brian Yu isn’t the only voice on Wall Street today throwing his support behind a breakup of Alcoa (AA). Earlier, billionaire Paul Singer’s Elliott Management announced it has taken a 6.4% stake in the aluminum provider, calling the company “dramatically undervalued,” according to The Wall Street Journal. What’s more, the activist firm announced […]
