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Key Takeaways
Elliott Investment Management has built up its stake in Equinix Inc. and is pushing the company to take steps to boost its share price, people with knowledge of the matter said.
Equinix's shares have fallen more than 16% this year, giving it a market value of about $76 billion, after the company revealed higher-than-expected capital expenditures at an analyst day.
Elliott may push for additional margin improvements, a potential buyback or adjustments to a recently announced capital expenditure plan, according to the people.