LONDON -- Activist investor Elliott Management has taken a stake of over 2% in Mitsui Fudosan and is urging the Japanese developer to sell its interest in Tokyo Disney Resort operator Oriental Land, it was learned Monday.
Mitsui Fudosan should use the proceeds from the sale to conduct a 1 trillion yen ($6.74 billion) share buyback, the U.S.-based investment fund has proposed, according to a source familiar with the situation.
