Activist investor Elliott Investment Management has taken a significant position in Japanese shipping group Mitsui OSK Lines (MOL), aiming to drive improvements in shareholder returns and capital efficiency, according to a report by Reuters.
News of the investment sent Mitsui OSK’s shares sharply higher, with the stock rising around 12% following confirmation of Elliott’s involvement. While the exact size of the stake has not been disclosed, the hedge fund said it believes the company is materia...
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