Activist investor Elliott takes stake in Tokyo Gas, filing shows

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Activist investor Elliott takes stake in Tokyo Gas, filing shows - Channel News Asia

Quick Summary:

TOKYO : U.S.hedge fund Elliott Management Corp has taken a stake of 5.03 per cent in Tokyo Gas, a regulatory filing showed on Tuesday.

Elliott, one of the world's most influential activist investors, said in the filing that the stake was for investment purposes as well as to make important proposals depending on discussions with Tokyo Gas and related companies.

A natural gas pipeline and the Tokyo gas logo are seen in this illustration taken January 4, 2023.TOKYO : U.S.hedge fund Elliott Management Corp has taken a stake of 5.03 per cent in Tokyo Gas, a regulatory filing showed on Tuesday.