Dai Nippon Printing Says Elliott Has Sold Most of Its Stake [Yahoo! Finance Canada]
DAI NIPPON PRINTING S/ADR (DNPLY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance Canada
Most Read from Bloomberg “There's a possibility that they hold our shares under different names, but our understanding is that their holding now is almost non-existent,” said an investment relations official at Dai Nippon Printing. Elliott declined to comment in an emailed response to questions from Bloomberg. A half-yearly report filed by Dai Nippon Printing this month showed two Elliott-related entities — Elliott International LP and the Liverpool Limited Partnership — were not among its top 10 shareholders as of Sept. 30. Six months earlier, Elliott International held almost 6.5 million shares, or 2.70% of the company, while Liverpool Limited Partnership had just over 3 million shares, or around 1.3% of the total. Its shares fell as much as 1% at 12:40pm Tokyo time when trading resumed after the lunch break. Dai Nippon Printing, which is increasingly drawing its revenue from products for electric-vehicle batteries, OLED and chips, announced a large share buyback program
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