UPDATE 1-Elliott raises DMG Mori Seiki stake above 10 pct

April 15, 2015 4:41 PM

63 0

FRANKFURT, April 15 (Reuters) - U.S. activist hedge fund Elliott has raised its stake in DMG Mori Seiki to 10.1 percent, the German machine-tool maker said in a statement on Wednesday.

DMG Mori Seiki's smaller, Japanese partner, DMG Mori Seiki Co. Ltd, owns 50.8 percent of the German company following a tender offer that ended last month.

Also read: ZTE shares rise in Hong Kong after clarification of U.S. bill impact

Read more

To category page