Elliott Management Corp., the activist investor with a penchant for undervalued technology companies, is at it again.
After successfully agitating for the sales of Lifelock Inc. and Mentor Graphics Corp. in 2016, Elliott on Monday unveiled a 15.3 percent stake in Gigamon Inc., a company that makes network-technology products, some of which monitor traffic. Elliott, following the script it's used before, said it intends to encourage management to undertake a strategic review including a potential sale. The Santa Clara, California-based company's shares soared 17 percent in response.
