Elliott Breathes New Life Into LifeLock
The activist investor's track record and a conducive M&A environment suggest it could push for a sale.
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Activist shareholder Elliott Management just revealed that LifeLock is its latest tech target, increasing the security company's chances of becoming a takeover target as well.
The firm disclosed late Thursday that it's taken a stake in LifeLock, which charges between $9.99 and $29.99 a month to protect its 4.3 million members from identity theft.