Activist investor Elliott Management takes stake in Dai Nippon Printing - FT

Dai Nippon Printing Co

24/01/2023 07:03

Jan 24 (Reuters) - Activist investor Elliott Management
Corp has become one of the largest shareholders of Japanese
conglomerate Dai Nippon Printing Co Ltd  7912.T , the Financial
Times reported on Tuesday.
    Elliott has been increasing its investment in DNP for the
past few months and now holds a stake little below 5% worth $300
million, making it the conglomerate's third-largest external
shareholder, the report said, citing people familiar with the
matter.
    Elliott has invested in several technology-focused
companies, including a multi-billion dollar investment in
software firm Salesforce on Monday. 
    DNP, which confirmed Elliott's investment to FT, said no one
was immediately available for comment when contacted by Reuters.
Elliott did not immediately respond to request for comment. 
 (Reporting by Jyoti Narayan in Bengaluru; Editing by Dhanya Ann
Thoppil)
 ((Jyoti.Narayan@thomsonreuters.com;))