Seibu HD Holds Shareholders' Meeting
Cerberus Proposal Rejected
June 25, 2013, Tokorozawa, Japan - Takashi Goto, President of Seibu Holdings speaks after the annual shareholders meeting at Tokorozawa, Saitama on Tuesday, June 25, 2013. U.S. equity fund Cerberus Capital Management has made an tender offer an apparent bid to take the initiative in managing Seibu Holdings. Shareholders of Seibu Holdings rejected a slate of directors proposed by Cerberus Capital Management LP. (Photo by Motoo Naka/AFLO)