Hedge fund Elliott Investment Management has gone all activist again, targeting Softbank – and not for the first time. The renowned activist investor has built a nearly $2 billion stake in Southwest Airlines and plans to push for changes. This move comes after Soroban Capital Partners built a stake in industrial firm Johnson Controls International following pressure from Elliott Investment. Elliott Investment Management L.P. manages funds with investments totaling over $2.5 billion.
In a bold move, activist investor Elliott Investment Management has purchased a more than $2 billion stake in Japanese conglomerate SoftBank Group. This has caused Johnson Controls stock to rise in premarket trading after reports of Elliott's involvement. The U.S.-based activist fund's position in SoftBank Group Corp. is valued at over $2 billion, as reported by the Financial Times.
Elliott Investment Management's activism has made waves in the financial world, with their latest move targeting Softbank. The hedge fund's bold stance in buying a $2 billion stake in the Japanese conglomerate has caught the attention of investors and analysts alike. Elliott Investment Management's sizable stake in SoftBank Group Corp. is indicative of their push for changes within the company.