, Columnist
Hedge Funds Prize Open Japan
Overseas activist investors are finding success in a once-closed company culture.
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Activist investors, Japan's the next place to go. Yes, you heard right.
In the past two weeks, Hong Kong-based Oasis Management Co. has managed to score victories against two of the country's oldest and biggest companies. The hedge fund got Panasonic Corp. to up its offer for a unit the electronics maker is seeking to take private, while also forcing Toshiba Corp. to return cash that a listed subsidiary had deposited with its parent.