Updated from 7:11 a.m.

Despite the downturn in the economy, activist investors are still making their market on what they consider to be undervalued assets.

Here at Stockpickr.com, we track many of the latest activist situations for those interested in piggybacking the best activist investors.

For example, private-equity firm Elliott Associates is planning to offer to acquire all of Endologix's ( ELGX) outstanding stock for $2.25 per share. Elliott says that it thinks highly of the company and Endologix's new CEO, John McDermott.

Harbinger Capital said that is expects to talk to Leap Wireless ( ELGX) with regards to how the maximize shareholder value. Last year, Harbinger reported a passive stake in Leap.

To read more, visit Stockpickr.com.

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