January 29, 2013 at 10:34 AM EST
Elliot Management Urges Hess Spinoff of Bakken Assets, Shares Spike Higher
Elliot Management's Paul Singer urged Hess (NYSE: HES ) to conduct a full strategic review of the company, including the possibility of selling the company's Bakken Shale assets. Singer, the noted activist investor, wrote a letter to shareholders Tuesday urging them to accept five new board members supported by
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