Yamato Shares Rise 14% After Farallon Builds 5% Stake
Farallon Capital built a 5% stake in the Japanese logistics company and proposed that its chairman leave the board. Yamato shares were recently 14% higher at 2,240 yen.
By Kosaku NariokaYamato Holdings shares surged after San Francisco-based hedge fund Farallon Capital Management built a 5% stake in the Japanese logistics and delivery company and proposed that its chairman step down from the board.Shares were recently 14% higher at 2240.0 yen, equivalent to $14.12…