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Elliott Pushes for Sale of Hilton Grand Vacations

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Activist investor Elliott Management Corp. has built a position in Hilton Grand Vacations Inc. and has been advocating for a sale prior to the company putting itself on the block, according to people familiar with the matter.

The New York-based hedge fund run by billionaire Paul Singer bought a stake of less than 5% in the time-share operator in July, said the people, who asked to not be identified because the matter isn’t public.