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Activist Hedge Fund Elliott Reveals Stake in U.S. Utility NiSource

Investing.com

(Reuters) - Activist investor Elliott Management disclosed its stake in NiSource (NYSE: NI ) on Friday and said it supported the company's decision to name a new chief executive officer, sending shares in the utility to a near two-year high. The company on late Thursday named Lloyd Yates as its chief executive officer with Joe Hamrock announcing his retirement after nearly a decade at NiSource...

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