
Hideyuki Sano
Senior Reporter at Bloomberg News
Articles
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1 week ago |
news.bloomberglaw.com | Hideyuki Sano |Takako Taniguchi |Yui Hasebe
Shares of Japanese drugstore firm Tsuruha Holdings Inc. reversed earlier gains after its holders backed a proposal that would effectively lead to supermarket operator Aeon Co.acquiring the company. Tsuruha dropped as much as 3.3% to 11,225 yen, slipping from the day’s high of 12,050 yen, after its annual general meeting (AGM) approved a merger with Welcia Holdings Co., a part of Aeon’s plan to make the two firms its subsidiary. The company announced the results in a statement.
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2 weeks ago |
businessandamerica.com | Hideyuki Sano
Shareholders of Japanese drugstore chain operator Tsuruha Holdings will vote Monday on a proposal which effectively results in its acquisition by supermarket chain Aeon, a move that has already been panned by major investors and proxy advisers. The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors. Their disappointment in the planned deal centers around the perceived low premium it would pay to Tsuruha shareholders.
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2 weeks ago |
japantimes.co.jp | Hideyuki Sano |Takako Taniguchi |Yui Hasebe
Shareholders of Japanese drugstore chain operator Tsuruha Holdings will vote Monday on a proposal which effectively results in its acquisition by supermarket chain Aeon, a move that has already been panned by major investors and proxy advisers. The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors. Their disappointment in the planned deal centers around the perceived low premium it would pay to Tsuruha shareholders.
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2 weeks ago |
bloomberg.com | Hideyuki Sano
The National Diet building in Tokyo, Japan, on Thursday, Dec. 14, 2023. Japanese Prime Minister Fumio Kishida is set to reshuffle his cabinet Thursday in a bid to contain a funding scandal that threatens the future of his struggling government. (Bloomberg) -- After a week of rapid increases, yields on Japan’s 30- and 40-year government bonds dropped more than 10 basis points in late trading on Friday.
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2 weeks ago |
bloomberg.com | Hideyuki Sano |Takako Taniguchi |Yui Hasebe
Shareholders of Japanese drugstore chain operator Tsuruha Holdings Inc. will vote Monday on a proposal which effectively results in its acquisition by supermarket chain Aeon Co., a move that has already been panned by major investors and proxy advisers. The chorus reflects rising shareholder activism in Japan in recent years as the country’s governance reforms embolden investors. Their disappointment in the planned deal centers around the perceived low premium it would pay to Tsuruha shareholders.
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