Activist Nihon Global puts forth ideas to build shareholder value at noodle giant Toyo Suisan
Publishing timestamp: 2024-05-04 07:33:44
Summary
Nihon Global Growth Partners Management is pushing for changes at Toyo Suisan, including increasing dividend payout ratio, share repurchase, and focusing on core noodle business. The company is undervalued compared to its peers, and activist investors believe there is potential for significant shareholder value creation. However, activism in Japan is more challenging than in the US, with shareholder proposals rarely passing.
Sentiment: MIXED
Tickers: 2875.T-JP,
Keywords: business news, toyo suisan kaisha ltd, breaking news: investing, hedge funds, investment strategy,