TOKYO -- Japanese insurance company T&D Holdings is being pressured by American activist investor Farallon Capital Management to sell off cross-shareholdings instead of engaging in "concealment" and to boost synergies between subsidiary insurance providers.
Insurance
US hedge fund Farallon presses Japanese insurer T&D to reform
Activist investor faults 'concealment' of cross-shareholdings and lack of synergies
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T&D's insurance subsidiaries operating in different sectors makes it difficult to expect synergies, Farallon says. (Photo by Yo Inoue)
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