Megacap-chasing activist investors set sights on SoftBank, Disney, Pfizer

Flush with cash, funds search the world for juicy targets

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Activist investors are increasingly targeting companies with market caps above $100 million. (Source photos by Reuters and Nikkei)

KENTARO TSUTSUMI

TOKYO -- Activist funds posting strong returns and expanding with institutional investors' backing are increasingly homing in on megacap stocks and companies verging on that status in the U.S., Japan and beyond, going after the likes of Disney, Pfizer and SoftBank Group.

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