.JPG%3Fwidth%3D1260%26fit%3Dcover%26gravity%3Dfaces%26dpr%3D2%26quality%3Dmedium%26source%3Dnar-cms%26format%3Dauto%26height%3D630&w=3840&q=100)
US hedge fund Farallon presses Japanese insurer T&D to reform
TOKYO -- Japanese insurance company T&D Holdings is being pressured by American activist investor Farallon Capital Management to sell off cross-shareholdings instead of engaging in "concealment" and to boost synergies between subsidiary insurance providers.
Farallon began investing in T&D in 2008, with its stake now amounting to 4.6% of the voting rights. It has called for improvements at the insurer multiple times since April 2023 and has held meetings with management.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
21 minutes ago
- Nikkei Asia
Kitchen equipment maker Hoshizaki to buy US peer for $375m
NAGOYA, Japan -- Hoshizaki, a Japanese manufacturer of kitchen equipment, said Friday it would acquire U.S. food showcase maker Structural Concepts in a move to strengthen its sales in the American market. Hoshizaki will use its U.S. subsidiary to buy all of Structural Concepts' issued shares by around the end of July. The deal is expected to be worth $375 million, making it the largest acquisition in Hoshizaki's history.
Nikkei Asia
an hour ago
- Nikkei Asia
China rare-earth controls loom over Japan, US car production
TOKYO -- China's restricted exports on rare-earth metals are beginning to be felt in auto assembly plants that have halted operations because of parts shortages. Suzuki Motor last month suspended production of Swift compact cars made at a Japanese plant. A shortage of rare earths delayed supplies of needed components, Nikkei reported. Ford Motor also temporarily halted production of sport utility vehicles at its Chicago plant.
Nikkei Asia
2 hours ago
- Nikkei Asia
Japan drugmaker Chugai invests in Western startups
TOKYO -- Chugai Pharmaceutical has invested in a total of four European and American startups through its corporate venture capital arm, the Japanese company said Friday. The moves were detailed in a briefing for journalists and investors on Chugai's "open innovation" strategy.
