Reported 18 days ago
Elliott Investment Management has acquired a significant stake in the German utility RWE AG and is advocating for a share buyback. Despite Elliott's refusal to confirm the exact stake size, the activist investor has engaged with RWE's management about this demand. RWE's shares rose 3.9% in response, as the company faces criticism from investors due to its heavy investment in US expansion and declining share price amidst a challenging economic environment in Germany.
Source: YAHOO