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NIPPON EXPRESS HOLDINGS starts afternoon session with buy orders following Elliott's disclosure of over 5% stake
NIPPON EXPRESS HOLDINGS, INC. <9147> shares were flooded with buy orders at the start of the afternoon session on April 28 after it was revealed that U.S. activist fund Elliott Investment Management has taken a 5.04% stake. According to a large shareholding report, the obligation to report was triggered on April 21. While Elliott cited "investment" as the purpose of its holding, the fund indicated a policy to engage in dialogue with NIPPON EXPRESS HOLDINGS and potentially submit material proposals as circumstances warrant.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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