Steve Wolosky and Kenneth Mantel Represent Elliott Investment Management LP in Its Agreement with Hewlett Packard Enterprise to Strengthen Board

The Deal (subscription required), Bloomberg (subscription required), Reuters, Yahoo! Finance, MSN, Axios and Fortune reported on the cooperation agreement between Olshan client Elliott Investment Management LP and Hewlett Packard Enterprise (HPE) that appoints tech veteran Bob Calderoni to the Texas-company’s board, and gives Elliott the right to appoint a representative to the board within the next year.  Under the cooperation agreement, Calderoni will chair a new four-member strategy committee that’s tasked with assessing the strategies of HPE’s businesses and identifying opportunities for additional value creation, and will join an integration committee providing management with the support to successfully integrate HPE’s acquisition of Juniper Networks.  The parties also entered into an information-sharing agreement that will allow for an ongoing dialogue between Elliott and HPE. Chair Emeritus of Olshan’s Shareholder Activism Practice Steve Wolosky and Shareholder Activism partner Kenneth Mantel represented Elliott in this matter.