Dai Nippon Printing Says Elliott Has Sold Most of Its Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
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Source: Yahoo Finance
Elliott Investment Management's Stake Reduction: Dai Nippon Printing Co. reported that Elliott Investment Management has significantly reduced its stake in the company, leading to a drop in share prices, with Elliott no longer appearing among the top shareholders as of September 30.
Impact on Share Prices and Market Activity: The company's stock has seen an overall increase of nearly 80% since Elliott's initial investment, reflecting broader trends in shareholder activism in Japan, where companies are being urged to consider investor perspectives more seriously.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
