Stephen Givens is a partner with the corporate law firm JLX Partners in Tokyo.
Just as picnics attract flies and mosquitoes, industry consolidation attracts opportunistic investors.
Opinion
Activist investors cannot force Japanese mergers with ideas alone
Shareholder rejection shows limitations of Oasis Management's strategy
Tsuruha Holdings, Japan's second largest drugstore chain, is facing pressure from activist investor Oasis Management. (Photo by Keigo Yoshida)
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