Seibu HD Holds Shareholders' Meeting
Cerberus Proposal Rejected
June 25, 2013, Tokorozawa, Japan - Louis Foster, right, senior managing director at Cerberus speaks after the 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 Holdingsrejected a slate of directors proposed by Cerberus Capital Management LP. (Photo by Motoo Naka/AFLO)