Cerberus to secure around one third of Japan's Seibu - report
Cerberus Capital Management is expected to hold more than one third of Japan's Seibu Holdings following a takeover bid set to expire tomorrow.
According to the Japan Times, the stake increase will give Cerberus power to veto major board proposals at shareholders meetings. However, the firm is not expected to reach its goal of acquiring a 44.67%...
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