Streetbeat News

MTSFY

Mitsui Fudosan Co. Ltd.

https://www.mitsuifudosan.co.jp/

Industry

Lessors of Residential Buildings and Dwellings

Open

24.36

Mkt cap

23B

Volume

1.6K

High

24.53

P/E Ratio

19.16

52-wk high

32.94

Low

24.36

Div yield

0.02

52-wk low

23.25

Elliott Management, an activist investor, has acquired a 2% stake in Mitsui Fudosan (OTC:MTSFY) and is pressuring the company to sell its shares in Oriental Land (OTC:OLCLY), the operator of Tokyo Disney Resort. Elliott proposes using the sale proceeds for a $6.7 billion share buyback to improve Mitsui Fudosan's return on equity. This move is part of Elliott's broader strategy to influence Japanese companies, similar to its past involvement with companies like SoftBank Group and Toshiba.

Portfolio Pulse from Benzinga Neuro

February 06, 2024 | 3:00 am

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