Activist fund Elliott backs SoftBank's $4.8 billion buyback plan By Reuters

in hive-116221 •  5 years ago 

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Dissident financial specialist Elliott Management said on Friday it underpins SoftBank Group Corp's (T:9984) most recent move to repurchase up to $4.8 billion of its offers.  

Elliott likewise said SoftBank would have chances to seek after extra buybacks following the consummation of the merger between Sprint (N:S) and T-Mobile (O:TMUS).  

Prior on Friday, SoftBank reported an arrangement to repurchase up to 7% of its offers as the Japanese tech combination's offers have tumbled by about a quarter in March  

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