Deals
Activist Elliott Discloses Stake in Germany’s Vantage Towers
- Vantage shares jump to a record after stake is disclosed
- Consortium controling Vantage is trying to buy out minorities
Paul Singer, founder and president of Elliott
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
Elliott Investment Management, the activist investor owned by billionaire Paul Singer, disclosed a stake in Germany’s Vantage Towers AG as the tower company’s controlling shareholders work to take the business private.
The investor said it owns 5.6% of the company’s total voting rights as of Jan. 24, in a regulatory filing released on Tuesday.