Previous close | 23.44 |
Open | 23.20 |
Bid | 37.85 |
Ask | 39.10 |
Strike | 180.00 |
Expiry date | 2025-10-17 |
Day's range | 23.20 - 23.44 |
Contract range | N/A |
Volume | |
Open interest | 56 |
(Bloomberg) -- Activist investor Elliott Investment Management has invested more than $2.5 billion in Texas Instruments Inc. and is pushing the company to improve its free cash flow.Most Read from BloombergWall Street Moves to Fastest Settlement of Trades in a CenturyIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughCatering to the Ultra-Rich Is a Booming Business in AustraliaStock Futures Remain Higher After Home-Pric
Texas Instrument's shares rose about 3% in early trading. Elliott proposed in a letter to the company's board that Texas Instruments introduce a "dynamic capacity-management strategy", which would allow it to achieve free cash flow of as much as $9 a share by 2026. The company's free cash flow fell 77% to $1.47 per share in 2023, according to LSEG data.
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