Elliott Discloses Stake in Takeover Target Noble Energy

Activist investor Elliott Management Corp. has taken a stake in Noble Energy Inc., the energy explorer that agreed in July to sell to Chevron Corp. for about $5 billion.

The stake was disclosed in a filing Tuesday with the U.S. Federal Trade Commission. Noble Energy and the New York-based hedge fund run by Paul Singer were granted early termination under the FTC’s Hart-Scott-Rodino Act -- a requirement when an investor buys shares in a company above a certain threshold and seeks to hold discussions about such things as strategy or management changes.