Cerberus Failure to Win Seibu Seats Shows Japan Investing Hurdle

Cerberus Failure to Win Seibu Seats Shows Japan Investing Hurdle

Tomohiro Ohsumi/Bloomberg

A Seibu Railway Co. train arrives at Nerima Station in Tokyo. Cerberus Capital Management LP, the biggest shareholder of Seibu Holdings Inc., failed to get its representatives appointed to the Japanese hotel and rail operator’s board.