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Elliott Is Doing Pretty Nicely in the Power Business

The Washington Post

In case you hadn’t noticed, Elliott Management Corp. is killing it in the power sector.

The latest deal, announced Monday, involves the activist fund and several partners infusing $2.5 billion into FirstEnergy Corp., a struggling Midwestern utility. They will also contribute two people to a new five-person advisory board to help FirstEnergy exit its merchant generation business and set strategy from here...

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