Salesforce Shares Rally 5.6% on WSJ Report that Elliott Preparing Director Nominations
2023年1月27日 - 06:28AM
Dow Jones News
By Denny Jacob
Salesforce.com Inc. shares rallied 5.6% to $164.90 in late
trading Thursday after The Wall Street Journal reported that
activist investor Elliott Management Corp. is preparing to nominate
a slate of directors at the company.
Elliott is having conversations with numerous technology
executives as well as those with other industry backgrounds, the
Journal reported. Elliott's multibillion-dollar investment in
Salesforce was first reported by the Journal.
The window for nominations ahead of Salesforce's annual
shareholder meeting opens Feb. 12 and closes March 14, according to
The business-software provider has faced a turbulent stretch
recently. The company earlier this month said it was laying off 10%
of its workforce and reducing its office space in certain markets
as customers take a more cautious approach to corporate
Shares are down 22% over the last 12 months.
Write to Denny Jacob at firstname.lastname@example.org
(END) Dow Jones Newswires
January 26, 2023 16:13 ET (21:13 GMT)
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