TOKYO -- Fuji Media Holdings will oppose a proposal by U.S. activist investor Dalton Investments to replace its entire board, the Japanese company said Friday, setting the stage for a proxy fight heading into the annual general shareholders meeting on June 25.
Media & Entertainment
Fuji Media rejects Dalton call to replace board, setting up proxy fight
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Kenji Shimizu, Fuji Media Holdings' next president, answers questions from reporters on May 16. (Photo by Tomoki Mera)
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