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Reading: Elliott Management to Sell Stake in Hong Kong Bank, Ending Activist Campaign
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The Wall Street Publication > Blog > Markets > Elliott Management to Sell Stake in Hong Kong Bank, Ending Activist Campaign
Markets

Elliott Management to Sell Stake in Hong Kong Bank, Ending Activist Campaign

Editorial Board Published January 28, 2022
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Elliott Management to Sell Stake in Hong Kong Bank, Ending Activist Campaign
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One of the longest-running shareholder activism battles in Asia is coming to an end.

Bank of East Asia Ltd. , a Hong Kong-based lender, said Friday it intends to pay up to the equivalent of about $373 million to purchase all the shares held by U.S. activist hedge fund Elliott Management Corp. in an off-market transaction.

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