Elliott wants details of about $10bn of securities from SoftBank
While items listed as investment securities on a balance sheet usually refer to tradable financial assets, analysts think SoftBank includes unlisted firms
28 February 2020 - 18:02
London — Elliott Management is pressing SoftBank Group for details of nearly $10bn of investment securities on its balance sheet, as part of its campaign to improve the value of the Japanese conglomerate in which it holds a stake, sources said.
The $40bn hedge fund, one of the most powerful activist investors, has a $3bn stake in the company and is trying to push for changes after SoftBank's bet on start-ups such as space-sharing firm WeWork soured...
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