I ran ~$1bn in global & Japan equities long/short. Now the founder of Senjin Capital. We invest in & engage with Japanese companies to improve corporate value.
Expect more public-to-private transactions in #Japan going forward. (link to full article in the comments) "Activist shareholders are making greater demands on businesses as well. Consultancy IR Japan counts 66 shareholder proposals by activists this year as of October, the second-highest number after 71 for all of 2023. Delistings are expected to remain high. Takeover proposals no longer are limited by company size, as seen in the offer by Canadian retail giant Alimentation Couche-Tard for 7-Eleven operator Seven & i Holdings, which has a market capitalization of over $40 billion. The number of cross-shareholdings between Japanese companies has decreased, making it easier to complete hostile takeovers."
"Takeover proposals no longer are limited by company size" sounds hard to believe. I guess there's a still fine print for "strategic" industries (tech, telco, energy, pharma, media, etc.), isn't there?
I ran ~$1bn in global & Japan equities long/short. Now the founder of Senjin Capital. We invest in & engage with Japanese companies to improve corporate value.
2whttps://asia.nikkei.com/Business/Markets/Tokyo-Stock-Exchange-to-see-94-delistings-in-2024-in-drive-for-quality?utm_campaign=GL_JP_update&utm_medium=email&utm_source=NA_newsletter&utm_content=article_link&del_type=4&pub_date=20241217070000&seq_num=19&si=17ed8293-0a92-4269-a4f9-b2c00ce914a8