Elliott Takes Air Liquide Stake
Elliott Investment Management has acquired a stake in Air Liquide and is pressing the French industrial gas maker to boost operating margins. The activist investor aims to help the company better compete with rival Linde as an upcoming investor day approaches.
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Activist investor Elliott Investment Management has built an undisclosed stake in AIR LIQUIDE SA and is pushing the industrial gas producer to improve its margins. The campaign follows recent activist pushes by Elliott at other major European and American corporations. Closing the operational gap with top-tier rivals could unlock substantial value for shareholders.
