[Reuters] NetApp shares soar after report Elliott took 'significant' stake

Posted by: UGN Security

[Reuters] NetApp shares soar after report Elliott took 'significant' stake - 05/16/13 05:22 PM

(Reuters) - Shares of NetApp Inc jumped 7 percent on Thursday after Bloomberg cited unidentified sources as saying activist investor Elliott Management has taken a "significant" stake in the company and intends to push for changes to the board and cash return strategy.