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Activists Get Their Moment in Japan With $20 Billion Toshiba Bid

BNN Bloomberg

(Bloomberg) -- The surprise takeover bid for Toshiba Corp. is a palpable demonstration of the growing influence in corporate Japan of activist investors, who have gone from largely impotent onlookers to kingmakers in the space of just a few years. The offer from CVC Capital Partners, while still in the early stages, comes just weeks after Toshiba Chief Executive Officer Nobuaki Kurumatani lost a landmark shareholder vote, forcing an independent investigation into alleged issues with voting at its annual general meeting last year. That loss has piled pressure on Kurumatani, who barely won re-election at last year’s meeting and is ...

Mentions: Investment Management Takeover Bid