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Express News | The privately held Elliott has established a position and holds over $2 billion worth of SoftBank Group's stocks, and has requested Masayoshi Son to implement a $15 billion share buyback. This is the second time Elliott has targeted SoftBank Group.
Activist Investor Elliott Rebuilds SoftBank Stake: Rpts.
Japan Shares Slip as Investors Weigh US, Domestic Econ Data; SoftBank Adds 4.6% on Elliott's $2 Billion Stake Rebuild
Japanese shares closed lower on Wednesday as investors determined the impact of recently released US economic data on the domestic stock markets. In addition, a marginal decline in the country's servi
SoftBank Closes at Three-year High After FT Reports Elliott Has Rebuilt Stake
Selling off is leading the way, reflecting the decline in US high-tech stocks and the progress of yen appreciation.
The Nikkei Average continued to fall, ending trading at 38,490.17 yen, down 347.29 yen (with a volume of approximately 1.71 billion shares). Following the trend of high-tech related stocks being sold in the U.S. market the previous day, semiconductor-related stocks were sold mainly in the Tokyo market. In addition, the yen appreciated to as high as 1 dollar to 154 yen, which became a burden on export-related stocks, and the Nikkei Average widened its decline to 38,343.98 yen towards the end of the morning session. However, the 25-day moving average level was taken into account as a downside target.
Express News | Market news: An agency consulting firm has advised shareholders to vote against retaining SoftBank founder Masayoshi Son's board seat due to the company's low net asset return rate. SoftBank opposes this, stating that as an investment company, it believes
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