TOKYO -- Elliott Investment Management told Sumitomo Realty & Development that its business plan "lacks both ambition and urgency," the U.S. investor said in a statement issued Tuesday.
Business deals
Activist fund Elliott criticizes Japan's Sumitomo Realty business plan
US investor says plan to boost value 'lacks both ambition and urgency'
Elliott's statement on Sumitomo Realty's newly announced policy critiques its scope and pace of implementation. (Photo courtesy of Elliott Investment Management)
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