Dissident financial specialist Elliott Management said on Friday it underpins SoftBank Group Corp's (T:9984) most recent move to repurchase up to $4.8 billion of its offers.
Elliott likewise said SoftBank would have chances to seek after extra buybacks following the consummation of the merger between Sprint (N:S) and T-Mobile (O:TMUS).
Prior on Friday, SoftBank reported an arrangement to repurchase up to 7% of its offers as the Japanese tech combination's offers have tumbled by about a quarter in March
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