• Kyodo

  • SHARE

U.S. private equity fund Cerberus Capital Management LP has rapped railway and hotel operator Seibu Holdings Inc. for refusing to negotiate with its largest shareholder.

The Cerberus statement Thursday emerged after Seibu voiced opposition last Friday to the U.S. fund’s tender offer to increase its stake from 32 percent to nearly 45 percent.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW