No support at Sapporo for Steel Partners proposal
US fund Steel Partners has had its new proposal to replace most of the board of Sapporo Holdings, where it holds an 18% stake, rejected by the company's shareholders.
According to Sapporo, some 70% of shareholders voted against the Steel plan to oust six out of ten of the current management lineup at their annual meeting held in Tokyo. Takao Murakami, president of Sapporo,...
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