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Article: Cerberus Capital Management Reiterates Its Long-term Commitment to Aozora Bank.
- Article from:
- Science Letter
- Article date:
- October 20, 2009
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Cerberus Capital Management, L.P. ("Cerberus") today reiterated its commitment to Aozora Bank, Ltd. ("Aozora") in response to market rumors that Cerberus and its affiliates might be preparing to sell some of their shares in the bank. Cerberus maintains its positive long-term view of this investment and has no plan to sell any Aozora shares in the open market (see also Cerberus Capital Management, L.P.).
Since its inception, Cerberus Capital Management has pursued a strategy that focuses on investments in undervalued situations. For example, Cerberus Institutional Partners IV, the firm's flagship institutional fund, has been actively employing that strategy and is ...