Mitsui OSK Confirms Investor Approach Ahead of Mid-Term Plan
A Mitsui OSK container ship at a shipping terminal in Tokyo, Japan.
Photographer: Kiyoshi Ota/BloombergMitsui OSK Lines Ltd. said it has been approached by a specific investor, following Elliott Investment Management’s disclosure of a “significant stake” in the Japanese shipping company.
The cargo vessel and oil tanker operator said it will act in accordance with Japan’s fair disclosure rules and treat shareholders equally, and that it plans to announce details of its mid-term plan at the end of March. Mitsui OSK didn’t identify the investor or disclose the size of the holding in its statement.