Cerberus challenges Seibu management ahead of annual meeting
Cerberus Capital Management has publicly questioned the management of railway and property group Seibu Holdings in a bid to gain support for its shake up of the company's board at a shareholders meeting later this month.
In a 22-page open letter, Cerberus, Seibu's biggest shareholder, criticized the handling of the business. This is the latest development in an ongoing row between the two. The letter, addressing Seibu...
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