In today’s briefing:
- Dai Nippon Printing – Activism On Easy Street
Dai Nippon Printing – Activism On Easy Street
- Dai Nippon Printing’s announcement that it would double its RoE target in its next MTP was a pleasant surprise.
- Together with saucy hints that future buybacks could be the biggest in its history this has propelled the stock to a post-2007 high.
- We think Elliott has found an easy win here and consider this likely to end as a standout success for activism in Japan.
💡 Before it’s here, it’s on Smartkarma
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