Elliott takes stake in Daikin, pushes for portfolio review
15/04/2026 23:56
TOKYO, April 16 (Reuters) - Elliott Investment Management said on Thursday it has taken a stake in Daikin 6367.T and thinks the manufacturer of air conditioners should improve margins and shareholder returns and review non-core assets. The hedge fund has been increasing its presence in Japan, scoring a landmark victory against automaker Toyota 7203.T and taking stakes in companies including shipper Mitsui OSK 9104.T. (Reporting by Sam Nussey; Editing by Chris Reese) ((sam.nussey@tr.com;))
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