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Murakami Fund proposes steps to raise Matsuzakaya's corporate value+
[February 02, 2006]

Murakami Fund proposes steps to raise Matsuzakaya's corporate value+


(Japan Economic Newswire Via Thomson Dialog NewsEdge)NAGOYA, Feb. 3_(Kyodo) _ An investment fund led by financier Yoshiaki Murakami has proposed management buyout, employee buyout and other measures to Matsuzakaya Co. in a bid to boost the corporate value of the department store operator.



The Murakami Fund said on its website Thursday the proposals it has made to Matsuzakaya include MBO and EBO.

"We hope to see the corporate value boosted, with (Matsuzakaya's) management and employees themselves becoming main shareholders and seeking to raise their company's value," it said. "Using common sense, it is obvious that we would never make the kind of proposal that will lower the morale of the employees, such as firing all of them."


The fund became the largest shareholder of Matsuzakaya, owning 5.46 percent of its overall outstanding shares as of the end of last year.

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