Elliott Associates, L.P. and its Sister Fund, Elliott International, L.P., File Schedule 13D Disclosing Enterasys Ownership
16 8월 2005 - 3:22AM
PR Newswire (US)
NEW YORK, Aug. 15 /PRNewswire/ -- Elliott Associates, L.P., and its
sister fund, Elliott International, L.P., today announced that the
funds filed a Schedule 13D with the Securities and Exchange
Commission disclosing a 5.93 percent ownership position in the
common stock of Enterasys Networks (NYSE:ETS). According to the
filing, the funds indicated that "depending upon market conditions
and other factors that it may deem material, each of Elliott and
Elliott International may purchase additional shares of (Enterasys)
Common Stock and/or related securities or may dispose of all or a
portion of the Common Stock or related securities that it now
beneficially owns or may hereafter acquire." In addition, Elliott
said it is concerned that Enterasys is "not maximizing shareholder
value," and that its funds may have discussions with the company's
management, Board of Directors and financial advisors, as well as
other third parties, "regarding certain significant corporate
actions, including the merger or sale" of the company. About
Enterasys Networks Enterasys Networks, based in Andover,
Massachusetts, provides enterprise customers with innovative
network infrastructure products, services and solutions that
deliver the security and performance required by Global 2000
organizations. The company's products include multilayer switches,
core routers, WAN routers, wireless LANs, network management, and
intrusion defense systems. About Elliott Associates, L.P. Elliott
Associates, L.P. and its sister fund, Elliott International, L.P.
have more than $5.2 billion of capital under management as of July
1, 2005. Founded in 1977, Elliott Associates is one of the oldest
hedge funds under continuous management. The Elliott funds'
investors include large institutions, high-net-worth individuals
and families, and employees of the firm. For More Information
Contact: Scott Tagliarino (212) 506-2999 (917) 922-2364 (cell)
DATASOURCE: Elliott Associates, L.P. CONTACT: Scott Tagliarino,
+1-212-506-2999, cell: +1-917-922-2364, for Elliott Associates,
L.P.
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