Elliott Reports Stake in Tokyo Gas as Activists Target Japan [Yahoo! Finance]
TOKYO GAS CO LTD UNSP/ADR (TKGSY)
NASDAQ:AMEX Investor Relations:
tokyo-gas.co.jp/ir/english/library/earn_e.html
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Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture Elliott now holds 5.03% of the utility and may make important proposals to the company, according to a filing Tuesday to the Japanese finance ministry. Both Elliott and Tokyo Gas weren't immediately available for comment. Activist investors like Elliott have been campaigning to boost value for shareholders in Japanese firms. The hedge fund, which manages about $70 billion in assets, has built stakes in other companies, including trading house Sumitomo Corp., SoftBank Group Corp. and developer Mitsui Fudosan Co. Elliott is eyeing unrealized value in Tokyo Gas's real estate holdings worth about 1.5 trillion yen ($9.7 billion), the Financial Times reported, citing
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