Elliott Management Corp. reportedly acquires a large stake in Sumitomo Corp., a Japanese company favored by Warren Buffett.
Elliott Management Corp. reportedly has a "large" stake in Sumitomo Corp., a Japanese trading company favored by Warren Buffett. The size of Elliott's investment is around "several tens of billions of yen," and the group has engaged with Sumitomo to discuss ways to create shareholder value. This marks Elliott's latest investment in Japan, having previously targeted Mitsui Fudosan, Toshiba, SoftBank and Dai Nippon Printing.
April 28, 2024
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