July 17, 2019 / 6:35 AM / a month ago

Hedge fund Elliott buys stake in UK's Saga

July 17 (Reuters) - Activist investor Elliott has taken a position in Britain’s Saga Plc, less than a month after the specialist tourism and insurance firm warned that discounting was taking a heavy toll on its tours business.

Elliott Capital Advisors disclosed a 5.141% stake in Saga as at July 12, a filing showed on Wednesday. (Reporting by Noor Zainab Hussain in Bengaluru; editing by Patrick Graham)

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