TOKYO (Reuters) – Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan’s Diamond Online magazine reported that activist investor Oasis Management had taken a stake in the automaker.
Nissan shares were last up 4% at 426.7 yen ($2.73), compared with a 0.9% advance on the benchmark Nikkei index.
A representative for Oasis was not able to immediately comment on the report. Nissan shares also jumped on Tuesday after a filing showed an entity related to activist Effissimo Capital Management had taken a stake in the company.
($1 = 156.5400 yen)
(Reporting by Rocky Swift and Anton Bridge; Editing by Himani Sarkar)
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