Salesforce Averts Elliott Proxy Fight After Share Gains
- Elliott won’t proceed with its planned director nominations
- Enterprise software company’s shares have soared this year
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Salesforce Inc. averted a potential proxy fight with activist investor Elliott Investment Management after its stock rose and the enterprise software company made a series of strategic changes.
Elliott won’t proceed with its planned director nominations following Salesforce’s “strong” 2023 fiscal year report, transformation initiatives and “clear focus on value reaction,” the companies said in a joint statement on Monday.