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Equities

Activist investors return to Japan -- and join the team

UK's AVI proposes TBS to distribute its Tokyo Electron shares to investors

AVI launched a website explaining why it wants TBS to distribute 40% of its stake in Tokyo Electron to shareholders. (Photo by Ken Kobayashi)

TOKYO -- Japan's push to reform corporate governance has brought back foreign activist investors.

London-based Asset Value Investors recently proposed that Tokyo Broadcasting System Holdings, a key Japanese broadcaster, distribute to shareholders 40% of its stake in Tokyo Electron, a semiconductor production-equipment manufacturer.

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