The activist investor has accumulated a 14.9% stake, which comes after the company formerly known as Tribune Publishing rejected a hostile bid made by USA Today publisher Gannett
The Deal, a Street sister publication, confirms that the once-bankrupt retailer has hired Houlihan Lokey, and the company's controversial founder said he would "keep an open mind" about a bid.
The deal for ForSight VISION5 aligns with the bolt-on M&A strategy described by CEO Brent Saunders earlier this week.
Under pressure from Elliott, the cyber security products company hired Frank Quattrone's Qatalyst Partners to launch a strategic review, which is likely focused on a sale of the business.
In stark contrast to Republicans, Ohio's Sherrod Brown wants financial oversight council to have authority to designate a larger group of non-banks as "systemically important."
Buying a 93% stake in Vallée SA for $400 million will enable it to surpass Ourofino SA in the South American nation and enhance its chances of being first globally.
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