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Activist Investor Valueact Has $612m Stake In Japan's Olympus

by reuters.com posted 7months ago 42 views
TOKYO (Reuters) - U.S. hedge fund ValueAct Capital has become a major shareholder in Japanese medical equipment and camera maker Olympus Corp (7733.T) with a 5.04 percent stake that is worth around $612 million at current shares prices. The stake hike comes at a time when activist investment is gaining momentum in Japan, with Prime Minister Shinzo Abe advocating shareholders raise issues and have constructive dialogue with firms to strengthen corporate governance.

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