Elliott Associates Shows New 9.96% Stake in Emulex Corp. (ELX)

November 23, 2012 1:05 PM EST
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In a 13D filing on Emulex Corp. (NYSE: ELX), Paul Singer's hedge fund Elliott Associates disclosed a 9.96%, or 8,925,927 share, stake in the company. The firm did not hold shares at the end of the latest quarter ending September 30, 2011.

From the Filing:
Each of Elliott and Elliott International acquired the Common Stock beneficially owned by it in the ordinary course of its purchasing, selling and trading in securities. EICA has acted as investment manager to Elliott International in connection with Elliott International’s acquisition of beneficial ownership of Common Stock.

Depending upon market conditions and other factors that it may deem material, each of Elliott and Elliott International may purchase additional shares of Common Stock and/or related securities or may dispose of all or a portion of the Common Stock or related securities that it now beneficially owns or may hereafter acquire.

From time to time the Reporting Persons may express their views to management, the Board of Directors of the Issuer, other shareholders or third parties regarding the Issuer or its securities. The Reporting Persons may also formulate positions, plans or make proposals with respect to the Issuer.

For more notable holders of Emulex Corp. stock click here. For more information on Elliott Associates click here.

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