(CNBC) 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 buybacks, arguing that the buybacks will boost SoftBank’s share price and “act as a sign of Son’s confidence in his strategy,” the Financial Times reported.
SoftBank shares jump up to 6.3% on report that Elliott Management’s pushing for $15 billion in buybacks
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