Hedge fund Elliott raises stake in Japan’s Alpine

(Reuters) – U.S. hedge fund Elliott Management has raised its stake in Japan’s Alpine Electronics Inc to 6.3 percent, a regulatory filing showed, less than a week after it said it could make “significant proposals” to the components maker.

Elliott said last week that it had taken a 5.12 percent stake in the company, a move that came after Hong Kong-based activist fund Oasis Management objected to the components maker’s sale to a larger affiliate Alps Electric Co.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply