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Hewlett Packard Enterprise Co (NYSE:HPE) shares are climbing on Thursday. Investors are reacting to reports of intensified activist investor pressure. New players are joining Elliott Management in seeking changes at the tech firm.
The Nasdaq is up 0.83% while the S&P 500 has gained 0.69%.
• Hewlett Packard shares are testing new highs. Why are HPE shares at highs?
Irenic Capital Joins Activist Push
‘Irenic Capital has built a stake in Hewlett Packard Enterprise, according to a report from Semaphor. The fund joins a year of sustained pressure from Elliott Management. According to the report, Irenic’s leadership has already discussed frustrations with HPE executives.
Regulatory Hurdles and Acquisitions
HPE recently closed its $14 billion …
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