Seibu Holdings Inc., owner of Japan's biggest hotel chain, reduced the size of its initial public offering by at least 73 percent with its largest shareholder opting out after investors balked at the valuation. Seibu is seeking as much as ¥50.1 billion ($491 million) from ...
Cerberus Capital Management LP, the biggest shareholder of Seibu Holdings Inc., should approach Mizuho Financial Group Inc. to help it narrow its differences with the hotel operator, said Hirofumi Gomi, a former candidate for the Seibu board. The key is to start talks with Seibu's ...
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 ...
Seibu shareholders vote down a slate of directors proposed by Cerberus Capital Management of the U.S.
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 in ...
Seibu Holdings says it opposes a takeover bid by its top shareholder, U.S. private equity firm Cerberus Capital Management, because the move could undermine the railway and hotel operator's corporate value.
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 the ...
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 33.4 ...
