NEW YORK -- U.K. activist investor Palliser Capital has acquired more than a 3% interest in Japan's Taiheiyo Cement, Chief Investment Officer James Smith said Tuesday, stressing that the company's stock price has the potential to rise more than 90%.
Business deals
Activist investor Palliser acquires 3% stake in Japan's Taiheiyo Cement
UK firm proposes cement company explore spinoff of US business
Palliser Chief Investment Officer James Smith said his firm is "actively engaging" with Taiheiyo Cement management on boosting the payout ratio. (Photo by Daichi Mishima)
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