Media Reports on Steel Partners' Letter to Sapporo
July 8, 2008
Olshan's client Steel Partners, the largest shareholder in Japanese brewer Sapporo, recommended that the company engage advisors to help Sapporo improve shareholder value because the company's earnings have deteriorated. The announcement comes after a long standoff regarding Steel Partners' proposal to increase its ownership of Sapporo. The Daily Deal and Reuters, among other media, reported on the story. Steve Wolosky and Kenneth M. Silverman comprise the Olshan team that represented Steel partners.