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Cerberus Launches Offer To Raise Seibu Stake To 45%

By Jake Simpson (April 5, 2013, 2:27 PM EDT) -- Cerberus Capital Management LP announced plans Friday to raise its stake in Japanese railway and hotel company Seibu Holdings Inc. to nearly 45 percent and nominate three directors to Seibu's board in a continuing feud between the Japanese firm and its largest shareholder....

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