Elliott Management Discloses Stake in Commvault

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Go back to Elliott Management Discloses Stake in Commvault

Elliott Management Confirms 10.3% Stake in Commvault Systems (CVLT), Letter to Board - 13D

April 2, 2018 9:25 AM EDT

In a 13D filing, Elliott Management confirms its new 10.3% Commvault Systems (NASDAQ: CVLT) with a letter to the Board.

Dear Members of the Board:

We are writing to you on behalf of Elliott Associates, L.P. and Elliott International, L.P. (collectively, Elliott or we), which collectively own 10.3% of common stock and economic equivalents of Commvault Systems, Inc. (the Company or Commvault), making us one of the largest shareholders of the Company.

We are writing to you today to share our thoughts regarding the need for fundamental change at Commvault. We believe Commvaults... More