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Stock impact report

Tokyo Gas Shares Jump Most Since 1987 After Elliott Stake Report [Yahoo! Finance]

TOKYO GAS CO LTD UNSP/ADR (TKGSY) 
NASDAQ:AMEX Investor Relations: tokyo-gas.co.jp/ir/english/library/earn_e.html
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll Trump Promises Could Have Seismic Impact on Washington Economy In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift NY Congestion Pricing Survived a Pause. Here's What Could Kill It Elliott may make “important proposals” to Tokyo Gas, according to a filing to Japan's finance ministry on Tuesday. The US activist fund believes Tokyo Gas should sell some of its properties and real estate projects, including the Park Hyatt Tokyo hotel, to help boost capital efficiency, according to a person familiar with the matter. Elliott's stake in the energy company marks the first time the fund has acquired more than 5% of a Japanese firm since 2019. It has also built stakes in Sumitomo Corp., SoftBank Group Corp. and real estate company Mitsui Fudosan Co. this year. Most Read from Bloomberg Businessweek Jaylen Brown Is Taking On Nike With $200 Sn Show less Read more
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