RWE: Elliott Wants More Buybacks From Germany's RWE After Buying 5% Stake

Elliott is demanding higher shareholder returns from another major European energy company-the activist investor wants more share repurchases from RWE after disclosing on Monday that it now holds nearly 5% of Germany's top utility. Elliott has gained prominence in recent months by campaigning for increased returns for investors at several energy companies, including UK's BP and U.S. refiner Phillips 66. Elliott Management is pushing for changes at BP after amassing close to 5% in the UK-based oil and gas supermajor. Elliott Management...