Equinix gains after report Elliott boosts stake in data center operator
Shares of data center operator Equinix EQIX.O rise 2.5% to $796.94
Elliott Investment Management has built up its stake in EQIX and is pushing co to take steps to boost its share price, Bloomberg News reports, citing people with knowledge of the matter
Elliott now has a large investment in the real estate investment trust that makes the activist investor one of the co's top 10 investors - report
EQIX says co is committed to its strategic plan and driving shareholder value and continues to engage with its investors, including Elliott, for their input
Elliott owns 150,000 shares of EQIX as of March 31 - filing
The exact size of Elliott’s holding and its intentions could not be learned - report
Engagement between Elliott and EQIX is so far collaborative - report
As of last close, stock down ~18% this year
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