Nissan shares surge after report activist investor Oasis has picked up stake

TOKYO (Reuters) - Nissan (OTC:NSANY ) 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)

Source: Investing.com