SoftBank shares jump up to 6.3% on report that Elliott Management's pushing for $15 billion in buybacks
SFTBYSoftBank(SFTBY) CNBC·2024-06-05 16:36

The SoftBank Corp. logo displayed on a glass door of the company's store in Tokyo, Japan, on Wednesday, May 8, 2024. SoftBank Group Corp. is scheduled to announce its earnings figures on May 13. Photographer: Toru Hanai/Bloomberg via Getty Images SoftBank Group shares rose as much as 6.3% on Wednesday, after a report said that Elliott Management had rebuilt a substantial stake in the Japanese technology conglomerate and was pushing for stock repurchases. Elliott is lobbying for $15 billion worth of share bu ...