Japanese telecom SoftBank Corp's CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management's investment in parent SoftBank Group Corp saying the activist investor's assessment of the stock as undervalued was "positive".
Elliott has built up a roughly 3% stake in the tech conglomerate and is pushing for changes to boost its value including strengthening corporate governance and share buybacks, sources said.
Source
Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community and may result in the account being Blacklisted.
If you believe this comment is in error, please contact us in #disputes on Discord
Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in our discord.