Reuters: Technology News: ValueAct takes $2 billion Microsoft stake: CNBC

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

ValueAct takes $2 billion Microsoft stake: CNBC Apr 22nd 2013, 13:39 Tweet Share this Email Print Related News Microsoft CFO to leave; profit, shares rise Thu, Apr 18 2013 The Microsoft logo is seen at their offices in Bucharest March 20, 2013. Credit: Reuters/Bogdan Cristel Mon Apr 22, 2013 9:39am EDT (Reuters) - Activist investor ValueAct Capital has taken a $2 billion stake in Microsoft Corp, CNBC reported on Monday. CNBC's David Faber reported the stake. A representative of ValueAct was not immediately available to comment. Microsoft shares opened 2 percent higher at $30.36. At Friday's closing price, a $2 billion stake would represent about 67.2 million shares. That represents less than 1 percent of Microsoft but would be enough to make ValueAct a top-15 investor in the company, based on Thomson Reuters data. ValueAct describes its management as being experts in "sourcing investments in companies they believe to be fundamentally undervalued, and then working with management and the company's board to implement strategies that generate superior returns on invested capital." One of the chief complaints of Microsoft's investors is that the stock is little changed today from where it was 11 years ago. (Reporting By Ben Berkowitz; editing by John Wallace) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions