Elliott Rebuilds SoftBank Stake, Pushes for Stock Buyback, FT Reports
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Dow Jones
--Elliott Management has rebuilt a stake in SoftBank Group and is pushing the Japanese investment company to start a $15 billion share buyback, the Financial Times reports, citing unnamed sources.
--The activist fund's stake is worth more than $2 billion and it has communicated with SoftBank's management over the past few months, according to the report.
--SoftBank declined to comment.
Full story: https://shorturl.at/IcmvM
Write to Kosaku Narioka at kosaku.narioka@wsj.com
(END) Dow Jones Newswires
June 05, 2024 04:28 ET (08:28 GMT)
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