How the public battle between U.S. private equity fund Cerberus Capital Management L.P. and Seibu Holdings Inc. over management of the struggling railway and hotel operator remains unclear even after the Seibu shareholders' meeting Tuesday.
Experts and industry insiders say that if talks between Seibu and Cerberus go nowhere, the capital fund will likely either start another unsolicited bid to gain a majority stake or find another investor to buy its stake.
In either case, it isn't likely that a breakthrough will come anytime soon, they said.