From Investing.com: 2024-11-19 21:17:39

Activist investor Elliott Management’s stake in Tokyo Gas Co., Ltd. (TYO:) led to a 12% surge in the company’s shares, reaching 4,284.0 yen. Elliott revealed a 5.03% stake, becoming one of the largest shareholders. The fund aims to push Tokyo Gas to sell non-core assets, with its real estate holdings potentially valued at 1.5 trillion yen ($9.7 billion). Elliott has previously invested in companies like SoftBank and Toshiba, urging for strategic changes.



Read more at Investing.com: Tokyo Gas shares surge after activist investor Elliott takes stake By Investing.com