Reported about 4 hours ago
Dai Nippon Printing Co. announced that Elliott Investment Management has significantly decreased its stake in the company, leading to a drop in its share price. The company's recent report indicated that Elliott-related entities are no longer among its top shareholders, despite holding over 9 million shares just six months earlier. This shift follows an increase in Dai Nippon's stock, driven by the company's strong performance in electric vehicle battery products. Elliott's ongoing investment activities in Japan reflect a broader trend of shareholder activism in the region.
Source: YAHOO