(March 18): Elliott Investment Management LP has taken a “significant” stake in Japanese shipping company Mitsui OSK Lines Ltd, the activist investor said in a statement on Wednesday. “Despite this strong market position and high-quality assets, the market materially undervalues the business,” Elliott said in the statement. Reuters reported the purchase of the stake earlier, saying the activist investor had taken the holding in an effort to urge the Japanese firm to review its real estate portfolio. Mitsui OSK shares jumped following the news, rising as much as 12% in Tokyo. If the real estate is sold, companies can record big profits from the difference between the cost and market value.

Source: The Edge Markets March 18, 2026 03:22 UTC