Cerberus Hits Snag From Seibu Over Proposed Stake Increase
Seibu Holdings contends the plan would harm shareholder interests and said Cerberus had not consulted with it on the plan, according to translated investor documents. Cerberus, which owns about 30 percent of the company, is already Seibu Holdings' largest shareholder.
“We object to the tender offer for the shares of the company. Thus...
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