Acquired a decade ago by the New York City hedge fund Elliott Associates, Prime has an old oil hand at the helm.

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Dell could have waited and even accelerated the takeover attempt of BMC by private equity firm Elliott Associates, LP.

FORBES: Dell Is On A Quest For Software

The New York-based company also disclosed that Elliott Associates LP and one of its affiliates plan to ask federal regulators for permission to buy a major stake in the company and may seek board seats at the annual meeting in May.

WSJ: Hess to sell terminal network, close refinery