Categories: Wire Stories

Elliott Statement on SoftBank

LONDON & TOKYO–(BUSINESS WIRE)–SoftBank’s announcement of its intention to commence an initial buyback program of 500 billion yen is clearly an important first step in addressing the Company’s significant undervaluation, and one that Elliott supports. Elliott believes that SoftBank will have opportunities to pursue additional buybacks following the completion of the Sprint/T-Mobile transaction. Elliott trusts that SoftBank’s leadership will continue to build upon today’s progress and its demonstrated commitment to value creation.

About Elliott

Elliott Management Corporation manages approximately $40.2 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (UK) Limited is an affiliate of Elliott Management Corporation.

Contacts

London
Sarah Rajani CFA

Elliott Advisors (UK) Limited

+44 (0) 20 3009 1475

srajani@elliottadvisors.co.uk

Tokyo
Brendan Jennings

Ashton Consulting

+81 (0) 3 5425-7220

b.jennings@ashton.jp

Alex

Recent Posts

Oasis Response to Hokuetsu’s Announcement on Reducing Daio Paper Stake (Securities Code: 3865 JT)

www.HokuetsuCorpGov.com HONG KONG--(BUSINESS WIRE)--Oasis Management Company Ltd. (“Oasis”) is the manager to funds that beneficially…

1 hour ago

Zhengzhou: Interactive Exhibitions on the International Museum Day

ZHENGZHOU, China--(BUSINESS WIRE)--In central China’s Zhengzhou city, visiting museums has become a new trend of…

16 hours ago

Reality TV Star, Mollie Pearce, Backs Campaign to Tackle Inequalities in Condition That Impacts Millions of People Globally

Mollie Pearce, star of the UK reality TV show ‘The Traitors’ who was diagnosed with…

1 day ago

Quality Building Award 2024 Unveils Finalist List

QBA 2024 Announces 35 Finalists Competing for Hong Kong's Highest Honour in the Building Industry…

2 days ago

UXLINK Tops RootData’s Latest X Hot Items List and DappRadar Social Apps List

SINGAPORE - Media OutReach Newswire - 17 May 2024 - UXLINK, the Web3 social platform…

2 days ago

Australia Construction Industry Report 2024: Growth to Slow to 2% in Real-terms this Year Following 9% Growth in 2023 – Forecasts to 2028 – ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Australia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to…

2 days ago