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Elliott Management Takes Stake in Daikin, Pushes for Reforms

Activist investor Elliott Management has acquired a stake in Japanese air conditioner maker Daikin Industries, advocating for a portfolio review and improved returns. This news led to a significant jump in Daikin's share price.

16 Apr, 01:56 — 16 Apr, 01:56
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Sources

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cnbcMostly Factual4h ago

Daikin shares jump 14% after activist investor Elliott pushes for reforms

Daikin shares surged as much as 13.9% after activist investor Elliott urged the company to boost margins and shareholder returns.

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Coverage Timeline

First report: Reuters · 16 Apr, 01:11Full coverage: 3 · 46mWindow: 46m
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Reuters16 Apr, 01:11First to report

Elliott takes stake in Japan's Daikin, pushes for portfolio review - Reuters

channel-news-asia16 Apr, 01:11

Elliott takes stake in Japan's Daikin, pushes for portfolio review

cnbc16 Apr, 01:56Latest update

Daikin shares jump 14% after activist investor Elliott pushes for reforms

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