Steel Partners won Unison Capital

May 28, shareholder’s meeting of Aderans Holdings Co., Ltd was held.

All Steel Partners’ nominees elected to board of directors. In contrast, all nominees of Unison Capital which proposed a tender offer to shareholders of Aderans were not accepted.

Some activist funds and individual shareholders supported Steel because the offering price is too cheap.

According to broadcasting, Unison seems to withdraw from Aderans.