UPDATE 1-Alps Electric shares jump after Elliott backs deal sweetener
25 Nov UPDATE 1-Alps Electric shares jump after Elliott backs deal sweetener
Posted at 08:02h
in
News
by KMFSLLP
Alps Electric Co stock
jumped 8 percent on Monday after the firm promised a share
buyback of about 40 billion yen ($353 million) to win support
for an acquisition – a pledge backed by Elliott Management, a
stakeholder in both suitor and target.
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