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
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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 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
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News
- Elliott’s Tokyo Gas property push should not get Lost in Translation [Financial Times (FT.com) (UK)]Financial Times
- 7-Eleven owner and Tokyo Gas shares jump on deal reports [Financial Times (FT.com) (UK)]Financial Times
- Corporate Shakeups Light Up Tokyo Bourse on Down Day for Stocks [Yahoo! Finance]Yahoo! Finance
- Tokyo Gas shares surge after activist investor Elliott takes stake [Yahoo! Finance]Yahoo! Finance
- Tokyo Gas Shares Jump Most Since 1987 After Elliott Report [Yahoo! Finance Canada]Yahoo! Finance Canada