Streetbeat News

OLCLY

Oriental Land Co. Ltd.

http://www.olc.co.jp/

CEO

Toshio Kagami

Industry

Amusement and Theme Parks

Open

24.55

Mkt cap

41B

Volume

20K

High

24.73

P/E Ratio

55.89

52-wk high

39.35

Low

24.55

Div yield

N/A

52-wk low

22.68

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

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.