Dalton Investments seeks talks with Fuji Media to avoid proxy fight
Dalton Investments’ co-founder James Rosenwald said he wants to avoid a proxy fight with Fuji Media Holdings, and called on the Japanese broadcaster to negotiate a settlement. Dalton is proposing 12 candidates to Fuji Media’s board, including SBI Holdings’ outspoken Chairman Yoshitaka Kitao. It is also demanding the media group, which is grappling with a sexual assault scandal, spin off its real estate business, unwind cross shareholdings and push through corporate governance reform. In an interview, Rosenwald said he hoped Fuji TV President Kenji Shimizu would engage in talks before...