Shareholders nix Steel Partners-proposed management change

Shareholders nix Steel Partners-proposed management change

TOKYO, Japan - Sapporo Holdings Ltd. President Takao Murakami speaks at a news conference at a hotel in Tokyo on March 30, 2010, after the company's shareholders voted down U.S. investment fund Steel Partners Japan Strategic Fund (Offshore) L.P.'s proposal to reshuffle the board of directors.

Sapporo rejects Steel Partners' plan

Sapporo rejects Steel Partners' plan

TOKYO, Japan - Takao Murakami, president of Sapporo Holdings Ltd., speaks about a proposal from its top shareholder Steel Partners Japan Strategic Fund (Offshore) L.P. for the selection of the company's 10-member board during a press conference in Tokyo on Feb. 12, 2010. Murakami said the company will reject the proposal as the current board is sufficiently competent to carry out plans to strengthen the company's business.

Shareholders nix Steel Partners-proposed management change

Shareholders nix Steel Partners-proposed management change

TOKYO, Japan - Sapporo Holdings Ltd. President Takao Murakami speaks at a news conference at a hotel in Tokyo on March 30, 2010, after the company's shareholders voted down U.S. investment fund Steel Partners Japan Strategic Fund (Offshore) L.P.'s proposal to reshuffle the board of directors. (Kyodo)

Sapporo rejects Steel Partners' plan

Sapporo rejects Steel Partners' plan

TOKYO, Japan - Takao Murakami, president of Sapporo Holdings Ltd., speaks about a proposal from its top shareholder Steel Partners Japan Strategic Fund (Offshore) L.P. for the selection of the company's 10-member board during a press conference in Tokyo on Feb. 12, 2010. Murakami said the company will reject the proposal as the current board is sufficiently competent to carry out plans to strengthen the company's business. (Kyodo)