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Deals Rumor Mill: Cerberus Settles, RBS Scrambles

By Liz Hoffman (May 30, 2013, 9:28 PM EDT) -- By the time its tender offer expires on Friday, buyout shop Cerberus Capital Management LP will have picked up enough shares of Seibu Holdings Inc. to wield veto power over the Japanese conglomerate, but it will fall short of its 45-percent goal, Dow Jones is reporting. Cerberus invested $1 billion in Seibu, whose holdings include a Tokyo commuter rail line and significant real estate, back in 2005. But tensions between the firm and management led Cerberus to launch the tender offer in March and seek more than the two seats it currently has....

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