JAPAN ACTIVISM: Activist Elliott Takes on Mitsui Fudosan (8801)

1k Views05 Feb 2024 12:31

SUMMARY

The FT carries an article this AM saying Elliott Management have built a stake in Mitsui Fudosan (8801 JP) and has asked it to undertake measures to increase ROE.
Measures requested apparently include a very large buyback and a demand the company sell down its stake in Oriental Land (4661 JP). The article is worth reading.
Shares are up sharply on this news. The fund was in the news last year about this time regarding Dai Nippon Printing (7912 JP). I'd expect more noise to come.

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