May 16, 2013

Cerberus to secure Seibu stake topping one-third

U.S. private equity fund Cerberus Capital Management LP will probably acquire a stake of more than one-third in Seibu Holdings Inc. via a takeover bid set to expire Friday, sources said. Raising its stake in Seibu Holdings to more than one-third would give the ...

Cerberus plans 45% Seibu Holdings stake

Apr 6, 2013

Cerberus plans 45% Seibu Holdings stake

U.S. private equity fund Cerberus Capital Management LP said Friday it aims to raise its stake in Seibu Holdings Inc. to nearly 45 percent in an apparent bid to take the initiative in managing the railway and hotel operator. Cerberus, already the largest shareholder ...

Saitama urges Seibu to keep Chichibu Line open

Mar 27, 2013

Saitama urges Seibu to keep Chichibu Line open

by Kazuaki Nagata

Saitama Gov. Kiyoshi Ueda and other local leaders are making their case to Seibu Holdings Inc. to keep the Seibu Chichibu Line open as rumors swirl that the firm’s biggest shareholder is demanding that the unprofitable railway section be abandoned. “It would severely damage ...

Mar 8, 2013

Cerberus to raise Seibu stake to over one-third

U.S. investment firm Cerberus Capital Management LP is preparing to raise its stake in Seibu Holdings Inc. to more than a third to tighten its grip on the railway and hotel operator, sources said. Cerberus plans to increase its holding in Seibu Holdings to ...