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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.

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