U.S. activist fund Dalton pushes Japan's Fuji Media for management buyout
NEW YORK -- U.S. activist fund Dalton Investments sent a letter to Japanese broadcaster Fuji Media Holdings on Thursday outlining a proposal to take the group private through a management buyout.
Dalton would hold a 20% stake in Fuji Media, with the remaining shares going to private equity funds, managers, employees and other investors.