Successful Activist Campaign at PulteGroup

Schulte represented Elliott Management in connection with its agreement with PulteGroup Inc., one of America’s largest homebuilding companies. As part of the agreement, PulteGroup added three independent directors to its board of directors; expanded board committees, including the CEO search committee, with certain of the new appointees; and agreed to increase its stock buyback program and to reduce selling, general and administrative expenses.

The Schulte team representing Elliott Management was led by co-chairs of Schulte’s global shareholder activism practice Eleazer Klein and Marc Weingarten and included associates Brandon Gold and Daniel Goldstein.