Aderans set for clashes after Unison wins bid
By Michiyo Nakamoto in Tokyo
Published: April 16 2009 23:37 | Last updated: April 16 2009 23:37
Wigs may be increasingly out of favour among style-conscious Japanese consumers but two funds are set to fight it out over one of Japan’s largest wig-makers, Aderans.
The wig company, 27 per cent owned by Steel Partners, the activist US hedge fund, on Thursday agreed to a takeover bid from Unison Capital, a Japanese buy-out fund, which is seeking a 35.2 per cent stake.
World View: sayonara to activist investors - Feb-17Steel Partners withdraws Sapporo offer - Feb-17Steel Partners sued over fund conversion plans - Jan-15Steel Partners to convert flagship fund - Jan-09Steel Partners presses Noritz to improve - Dec-13US activist puts pressure on Sapporo - Sep-12To continue reading this article, please register – it’s quick, free and without obligation…