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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 | 
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 |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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2 weeks ago | 
news.bloombergtax.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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2 weeks ago | 
news.bloomberglaw.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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2 weeks ago | 
bloomberg.com | Takako Taniguchi |Nao Sano
Buildings in the Shibuya district of Tokyo, Japan, on Thursday, May 2, 2024. Fresh data on the Federal Reserve's various accounts hints at two potential ways Japanese policy makers may have funded currency interventions this past week to bolster the beleaguered yen. Photographer: Toru Hanai/Bloomberg(Bloomberg) -- New York-based alternative asset management firm Blue Owl Capital Inc. said it aims to enter the Japanese mutual fund market as early as next year.
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1 month ago | 
news.bloomberglaw.com | Manuel Baigorri |Lisa Du |Takako Taniguchi |Yasutaka Tamura
KKR & Co. has picked Morgan Stanley to help work on a potential initial public offering of Japanese logistics operator Logisteed Ltd. in Tokyo, according to people familiar with the matter. The US-based investment firm has recently engaged with the Wall Street bank to start preparations for an offering that may take place in 2027, the people said, asking not to be identified because the talks are private. Other banks are likely to be added later, the people said.
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2 months ago | 
bloomberg.com | Lisa Du |Takako Taniguchi
Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
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2 months ago | 
news.bloomberglaw.com | Lisa Du |Takako Taniguchi
Ariake Capital, a $320-million Japanese hedge fund founded by former Goldman Sachs Group Inc. analyst Katsunori Tanaka, is poised to make a profit of about $55 million from selling one of its major regional bank holdings. The Tokyo-based fund is in talks to sell its roughly 20% stake in Chiba Kogyo Bank Ltd. for about ¥20 billion ($133 million) to rival Chiba Bank Ltd., according to people familiar with the matter. Ariake acquired its stake for ¥11.7 billion, according to public filings.
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2 months ago | 
ca.finance.yahoo.com | Lisa Du |Takako Taniguchi
(Bloomberg) -- Ariake Capital, a $320-million Japanese hedge fund founded by former Goldman Sachs Group Inc. analyst Katsunori Tanaka, is poised to make a profit of about $55 million from selling one of its major regional bank holdings. • None They Built a Secret Apartment in a Mall. Now the Mall Is Dying. • None Why Did the Government Declare War on My Adorable Tiny Truck?
