Deals
Singer's Elliott Takes New Stake in LogMeIn After Share Drop
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Elliott Management Corp. disclosed that it has again taken a stake in the software company LogMeIn Inc., whose shares have tumbled 28 percent this year.
The hedge fund run by billionaire Paul Singer held a 2.4 percent position in Boston-based LogMeIn as of Sept. 30, according to a regulatory filing Wednesday. LogMeIn’s shares plunged in July after it reduced its guidance for the year, amid a series of execution issues that it said its competitors had taken advantage of.