Activist Elliott calls for a big buyback at Mitsui Fudosan — 3 ways the company may create value
Publishing timestamp: 2024-03-02 09:06:03
Summary
Mitsui Fudosan, a real estate company in Japan, is being urged by activist investor Elliott to launch a share buyback plan and sell down its stake in Oriental Land. Elliott believes Mitsui Fudosan is trading at a significant discount to its fair value and has potential to create shareholder value through strategic changes. The company is facing low valuation and return on equity, as well as governance issues. Elliott is pushing for the company to sell non-core assets, buy back shares, and improve its capital allocation and corporate governance practices to boost shareholder returns.
Sentiment: MIXED
Keywords: investment strategy, hedge funds, business news, mitsui fudosan co ltd,