Seibu Holdings Inc. has indicated it will reject a planned tender offer by U.S. private equity fund Cerberus Capital Management LP.
The railway and hotel group revealed its stance Tuesday at the first meeting of a panel of experts set up to advise the firm on the tender offer. Seibu Holdings also expressed opposition to another Cerberus plan to propose new executive appointments at the company's general shareholders meeting in June.
The number of people who committed suicide in Japan in 2012 was 27,858, dropping below 30,000 for the first time in 15 years, the Cabinet Office said in a white paper on Tuesday. The figure was 2,800 fewer than in 2011. (Japan Today )
Leaders of the Group of Eight nations on Tuesday condemned "in the strongest terms" any use of chemical weapons in Syria and called on all sides to allow U.N. investigators to look into their alleged use, as they wrapped up their two-day summit in Northern Ireland. (Kyodo )
Revelations earlier this month that a beauty salon scammed hundreds of women met on social-networking site Mixi has Shukan Jitsuwa (June 27) convinced that the alleged crimes represent the type of the iceberg when it comes to frauds pulled on females. (Tokyo Reporter)
In May, Akira Ikoma, the editor of a guide to men’s entertainment called Ore no Tabi (My Journey), said that “Abenomics” had caused a spike in prices at high-end soapland bathhouses in Tokyo. However, the same editor tells Shukan Post (June 28) that the initiative is not impacting the low-end market in the same way. (Tokyo Reporter)
Almost 1,500 people were transported to hospitals by ambulance due to heatstroke last week, up sharply from 942 in the preceding week, the Fire and Disaster Management Agency said Tuesday. (Japan Times )
Among about 200,000 traffic signals nationwide, 16 percent are being used beyond the end of the expected lifetime of their electrical systems and some have even toppled over due to age, according to the National Police Agency. (Yomiuri )
Tokyo District Court decided on Monday to open planned examinations of three witnesses who are former senior members of the Aum Shinrikyo doomsday cult and now death-row inmates, during an upcoming trial of another former senior Aum member. (Jiji Press )