Changes Brewing at Sapporo

Aggressive U.S. fund Steel Partners is bidding for Japan's third-largest beer brewer despite that company's anti-takeover provisions

A U.S. private fund's proposed offer to take a controlling stake in Sapporo Holdings, Japan's third-largest beer brewer, sent the company's shares sharply higher on Friday and added froth to other Japanese brewers' stocks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.