Elliott Management, a US activist fund, has recently targeted Mitsui Fudosan, Japan's largest property group, urging it to implement strategic financial actions to enhance shareholder returns. The fund, which has taken a 2.5% stake valued at over $6.5 billion in Mitsui Fudosan, is demanding that the company conduct a 1 trillion yen share buyback and sell its $3.6 billion stake in the company that operates Tokyo Disneyland. Mitsui Fudosan's shares hit a record high following Elliott's call for action.
Activist fund Elliott targets Japan’s biggest property group US investor calls on Mitsui Fudosan to stage ¥1tn buyback and sell stake in company behind Tokyo Disneyland via @Urbandirt @FT #HedgeFunds #ActivistInvestor https://t.co/OH4pPEQw2A
Japanese capital pours into South-east Asia, seeking growth https://t.co/qrUm9vFHVW
Mitsui Fudosan shares hit record high after Elliott reportedly calls for over $6.5 billion share buyback https://t.co/NNQqHI1P5E
More activism in Japan: Elliott is calling for a 1 trillion yen buyback from Mitsui Fudosan after taking a 2.5% stake...
The US activist fund is also demanding that Mitsui Fudosan sell down its $3.6bn stake in a company that runs Tokyo Disneyland https://t.co/Tr1EEmIshW https://t.co/fLjjyU57OP
Elliott Management targets Japan's biggest property group Mitsui Fudosan - FT https://t.co/Cssv8skiM5 https://t.co/zI0b8y8Ulq
Activist fund Elliott targets Japan’s biggest property group https://t.co/96jjKo9lJf
Elliott Targets Japan’s Biggest Property Group For Better Returns - @FT https://t.co/u0fO2OPVQf