Asset Value Investors continues to push change at Tokyo Broadcasting, despite campaign loss
By Laurel Henning ( July 5, 2018, 05:17 GMT | Insight) -- UK-based activist investor Asset Value Investors said today it will "engage directly" over the coming months with the management of Tokyo Broadcasting System on ways to improve "corporate value, capital efficiency and corporate governance." Joe Bauernfreund, the fund's chief executive, said a lack of support from institutional shareholders for its failed campaign to get Tokyo Broadcasting to sell off its stake in Tokyo Electron was particularly disappointing.N.B. This article was prepared for an upcoming MLex news service covering activist investments. To express interest in a trial, contact customerservices@mlex.com....
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