Cerberus to raise stake in Seibu Holdings

TOKYO, Japan - Yoshiteru Suzuki (R), the president of Cerberus Japan K.K. speaks during a press conference in Tokyo on April 5, 2013. U.S. private equity fund Cerberus Capital Management LP said the same day it aims to raise its stake in Seibu Holdings Inc. to nearly 45 percent, revising the target upward from an initial 36 percent, in an apparent bid to take the initiative in managing the railway and hotel operator.

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