Elliott Acquires Large Stake in Trader Sumitomo: Report
New York, April 28 (Jiji Press)--Elliott Management Corp. of the United States, known as an activist investor, has invested several tens of billions of yen to build a large stake in Japanese trading house Sumitomo Corp., Bloomberg reported Sunday.
Elliott has engaged with Sumitomo and shared its views on ways to create shareholder value, the U.S. news agency quoted a person familiar with the matter as saying.
(2024/04/29-11:58)
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