Elliott again ups stake in Japan’s Hitachi Kokusai after KKR raises offer price

A shopper rides an escalator past a logo of Hitachi Corp at an electronics retail store in Tokyo February 3, 2014. REUTERS/Yuya Shino/Files

U.S. hedge fund Elliott Management Corp has raised its stake in Japan’s Hitachi Kokusai Electric to 8.59 percent from 7.11 percent, a regulatory filing showed, one of several such hikes since it first disclosed a stake in the firm last month.

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