Elliott builds $2 billion position in SoftBank, pushes for buyback
Publishing timestamp: 2024-06-05 12:04:01
Summary
Elliott Management has a $2 billion position in SoftBank and is pushing for a $15 billion share buyback program. SoftBank's success with Arm has led to a surge in its shares, but Elliott sees further potential for growth. The investment firm has a history of activism in Japan and believes the buyback program would increase SoftBank's share price and show confidence in Masayoshi Son's plans for the company.
Sentiment: MIXED
Tickers: ARM, 9984.T-JP, SOBKY,
Keywords: softbank group corp, softbank corp, breaking news: technology, breaking news, technology, business news, arm holdings plc,
Source: https://www.cnbc.com/2024/06/05/softbank-elliott-activist-masayoshi-son-buyback.html